1 Translation CEN 015-2019 November 14, 2019 Subject : Management Discussion and Analysis for business operation in Quarter 3-2019 To : The Manager and President The Stock Exchange of Thailand

expansion since the last quarter of 2016. However, gross profit margin for Q3 2017 was slightly decreased from the same period of 2016, because service cost for engineer and depreciation has been increased. 4

inspection service in eastern region as the service expansion since the last quarter of 2016. However, gross profit margin for Q3 2017 was slightly decreased from the same period of 2016, because service cost

1 Translation CEN 013-2019 August 14, 2019 Subject Management discussion and analysis for business operation Quarter 2-2019 To The Manager and President The Stock Exchange of Thailand Operating

. The revenue dropped because Jira-Khon Kaen Double-Track Railway Project and Xayaburi Hydropower Project were complete in 2019 and several projects are wrapping up, namely the Project Management, Supply

properties and cost management In 1Q18, the Thai economy continues to expand, primarily driven by a number of supporting factors, namely 1) growth in exports with a record high in March 2018. 2) Growth in the

In 2018 Annual Report, this item is shown under the topic, “Management Report”. B Meanwhile, KBank’s net interest margin (NIM) was 3.39 percent, which was within the set target, and cost-to-income

Excessive Charge, Service Fees for Wastewater Management 3 Gross Profit from Operation excludes Other Revenue from Utilities Business. 4 Other Incomes mainly consists of Interest Income from Loans to GHECO

management for the year 2017 To: President Stock Exchange of Thailand The Company would like to clarify the following reasons for changes to profit (loss) in the consolidated financial statements for the year

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2018 1 Significant events 1. On March 30, 2018, Bangkok Expressway and Metro Public