(SEA).  The SEC will later work on details of regulations.2. LBDU licensees that submit orders for investment unit trading through members of the Stock Exchange of Thailand (SET) must comply with net

(greenfield) project and must be closed-end with no less than 2 billion baht registered capital. The fund must also set a clear policy on distribution of investment units to retail investors and be listed on

a waiver such as the Government Pension Fund and provident funds; and (5) The fund must have a clear policy on distribution of investment units and be listed on the Stock Exchange of Thailand

วันที่ 25 กุมภาพันธ์ 2558 May 13, 2019 Subject: Management’s Explanation and Analysis for the 3 months period ended March 31, 2019 Attention: Director and Manager The Stock Exchange of Thailand LDC

Management Discussion and Analysis for the second quarter ended June 30, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the second quarter

วันที่ 25 กุมภาพันธ์ 2558 May 15, 2020 Subject: Management’s Explanation and Analysis for the 3 months period ended March 31, 2020 Attention: Director and Manager The Stock Exchange of Thailand LDC

Analysis for the second quarter ended June 30, 2020 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the second quarter ended June 30, 2020

Management Discussion and Analysis for the third quarter ended September 30, 2019 Attention The President The Stock Exchange of Thailand Attachment Report and interim financial statement for the third quarter

-Translation- Ref. WINNER 028/2020 November 12, 2020 Subject: Management Discussion and Analysis for the 3-month period and 9-month period ended 30 September 2020 To: The President The Stock Exchange

- Translation - Page 1 of 11 CBG 008/2018 21 February 2018 Subject Management discussions and analysis for the year ending 31 December 2017 To President The Stock Exchange of Thailand We, Carabao