page 1/6 (TRANSLATION) Ref. WINNER 0004/2019 February 26, 2019 Re Management Discussion and Analysis (MD&A) for the year 2018 and for the year 2017 To The President The Stock Exchange of Thailand 1

page 1/6 (TRANSLATION) Ref. WINNER 0004/2019 February 26, 2019 Re Management Discussion and Analysis (MD&A) for the year 2018 and for the year 2017_revised To The President The Stock Exchange of

page 1/6 (TRANSLATION) Ref. WINNER 0004/2019 February 26, 2019 Re Management Discussion and Analysis (MD&A) for the year 2018 and for the year 2017_revised 2 To The President The Stock Exchange of

-Translation- Ref. WINNER 018/2020 May 14, 2020 Subject: Management Discussion and Analysis for the 3-month period ending 31 March 2020 To: The President The Stock Exchange of Thailand 1. Analysis of

Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2019 (Unit : M ill ion Baht) 2019 2018 Inc./(Dec.) % ( R es tated

Translation Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration On June 15 - 19, 2020, the Company offers ordinary shares by number of

management overlay for hedging risk of the economic factor, inflation and constantly rising oil price in the amount of 1.3 billion baht and also set aside for upcoming ended BOT relief measure. Liabilities The

management of the State Railway of Thailand, etc. The total operating expenses in Q1– 2023 decreased by 25. 3% , which was a decrease in line with the decreased revenue compared to Q4–2022, in which those

listed company under the Notifications on Connected Transactions because Mr. Suparuek is currently the Company’s authorized director and management. As such, The Investment Disposal Transaction is

: “intermediary” means a securities company or a derivatives intermediary; “fund management company” means a securities company licensed to undertake securities business in the category of mutual fund or private