. With deducting the effect of Stock Loss & NRV, the Company had Adjusted EBITDA of THB 254 million, an increase of 74% from 2Q2019. All resulting in this quarter, the Company posted the net loss of THB

(English Translation) Page 1 Date : 5 February 2018 Subject : Notification of the Board of Directors’ Resolution Concerning the Plan to Spin Off its Subsidiary and to List Shares on the Stock

2019 of Baht 596.1 million, representing a growth of 9.8% from 2018 mainly due to the increase in both revenue from sale of goods and revenue from rental and rendering of services, increased gross profit

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand

1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand

. (“the Company”) and its subsidiaries earned revenue from rendering of goods and services THB 45,535 million, an increase of 3% YoY and a decline of 7% QoQ, net profit THB 395 million; of which net profit

of the B20 and B10 diesel with special grade within Bangchak service stations to increase availability coverage. The company developed the “Bangchak Hi-Diesel B20 S” and “Bangchak Hi-Diesel S B10

Microsoft Word - ACE MDA Q120 - ENG_Final 1 No. ACE-ACC-2/2020 15 May 2020 Subject Management Discussion and Analysis for the period ended 31 March 2020 To President The Stock Exchange of Thailand

- 1 - AIT (VP-SEC) 005E/2019 February 13, 2020 Subject: Management's Discussion and Analysis of Operating Results for the year 2019 and Q4-2019 To: The President of the Stock Exchange of Thailand

President The Stock Exchange of Thailand Reference is made to the resolutions of the Board of Director Meeting No. 3/2018 of Carabao Group Public Company Limited (the "Company") held on 10 August 2018 as