Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for

the highest growth at 8.6 percent, followed by Europe, and Latin America, accounting for 6.6 and 6.2 percent respectively. In addition, worldwide capacity growth, or available seat kilometers (ASK

* Note Please find further information in the consolidated financial statements. 1 21 February, 2019 Subject: Management Discussion & Analysis (MD&A) for the year 2018 Attention: The President The

improve the profit margin and has a road map for sustainable growth. The company has already extended the inventory space for efficiency stock management and future expansion. Now the company has provided

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ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASUMUDJADEE, SAMUDPRAKARN 10290 Tel. 02-816-9315 Fax. 02-816-9315 #444 NO. ZIGA 007/2019 14 May 2019 Subject: Management

-Translated Version- No. ECF2 026/2019 May 15, 2019 Subject: Management Discussion and Analysis of the 1st quarter ended 31 March, 2019 To President The Stock Exchange of Thailand East Coast

defined benefit plans - net of tax amounted THB 2.4 MB. The Company has a road map for sustainable growth. The Company has planned for sufficient in inventory space for efficiency stock management and

(Translation) Ref: EIC-AD012/2020 14 May 2020 Subject: Management Discussion and Analysis for the Performance for the three-month period ended 31 March 2020 To: President The Stock Exchange of Thailand The Board

@halcyon.co.th No. CS-2563/013 14 August 2020 Subject: Management Discussion and Analysis for the 3-Month Period Ended 31 March 2020 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology