To : President The Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the year ended December 31, 2018 with

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15%, chiefly from the company’s stock management in preparation for the refinery’s turnaround maintenance, under the intensifying competition situation in the industrial market. While in the late of Q1

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No. CAZ 017/2020 07 August 2020 Subject: Management Discussion and Analysis for the 2nd Quarter ended 30 June 2020 Attention: The President, The Stock Exchange of Thailand CAZ (Thailand) Public

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