Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the year ended December 31, 2018 To: President The Stock
of Thailand Enclosure : 1. Financial Statements for the first quarter ended March 31,2020 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Reviewed
of Thailand Enclosure : 1. Financial Statements for the Years ended 31 December 2019 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to submit Audited
, Conditions and Procedures for Establishment and Management of Infrastructure Funds or the Notification of the Capital Market Supervisory Board concerning Rules, Conditions and Procedures for Establishment and
companies. 6 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Important Events in 2019 January o Important change in accounting policy from the International
exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long-term deposits at financial institutions Securities purchased under reverse
securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long
off (Gain) Loss from regulation of securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities
shall not be applicable to the following assets or persons: (1) assets of a client which is a mutual fund, private fund or any other similar fund under management of a securities company in its position