GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

1 - Translation - Ref: JKNGB-003-02/2019 February 27, 2019 Re: Capital Increase in Subsidiary and Information Memorandum on Connected Transaction of JKN Global Media Public Company Limited and

No. CAZ 002/2019 26 February 2019 Subject: Management Discussion and Analysis Year ended 31 December 2018 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company Limited

useful material - use and dispose properly, 3. Cooperation – build an ecosystem through collaboration with the public and private sectors. Success begins at home. We believe that the new norm is

Bangchak Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the 1st quarter ended March 31st, 2019 Unit: THB Million Q1/2018 (Restate) 7/ Q4/2018 Q1

regulations: Clause 1 In this Notification: (1) the term “company,” “parent company,” “subsidiary company,” “major shareholder,” and “controlling person” shall mutatis mutandis have the same meaning as defined

: Clause 1 In this Notification: (1) the term “company,” “parent company,” “subsidiary company,” “major shareholder,” and “controlling person” shall mutatis mutandis have the same meaning as defined in the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

Page 1 of 6 Performance Overview In 3Q17 Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reported a total revenue growth of 82% YoY, mainly from higher contribution from