Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

: Management explanation and analysis for the yearly ending 31 December 2019 Attention: The President of, The Stock Exchange of Thailand ZIGA Innovation Public Company Limited ( “the Company” ) would like to

subsidiaries’ business. AEONTS and its subsidiaries enter into “Business Administration Agreement” and pay management fee to AFS in the amount not more than 92,582,570 baht. This amount was calculated based on

Microsoft Word - I-!9%*#8˙I-*ˇ@( Blue Sky 20200929 EN_MDA Quarterly - Translation - 1 ACC-O-2010004 October 1, 2020 To: President The Stock Exchange of Thailand Subject: Management Discussion and

Stock Exchange of Thailand Enclosure : 1. Financial Statements for the Third quarter ended September 30,2019 2. Management Discussion and Analysis Nawarat Patanakarn Public Company Limited would like to

10,241 4.4% -5.2% 36,960 40,646 10% Depreciation & amortization 13,118 12,844 13,745 4.8% 7.0% 52,902 52,880 -% Management benefit expense -29 -35 -36 23% 1.5% -133 -139 4.1% Other financial cost -5 -4 -6

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192.48 210.45 (17.97) (8.54%) 3 - Testing and Inspection 16.83 14.42 2.41 16.71% 4 Cost of sales and services (362.98) (423.61) (60.63) (14.31%) Gross Profit 44.38 47.63 (3.25) (6.82%) Other income 3.28

1 Translation CEN 031-2018 August 14, 2018 Subject : Management Discussion and Analysis for business operation of Quarter 2-2018 To : The Manager and President The Stock Exchange of Thailand Business

Microsoft Word - 00-Ref FPI.020.2018 Ref. FPI.020/2017 14 August 2018 Subject : Management Discussion & Analysis of Performance Results of Quarter 2/2018 To : Board of Directors and President of The