warrants issued 1,711,334,815 units Exercise ratio 1 VGI-W2 to 1 ordinary share of VGI Exercise price THB 10.00 Terms 4 years Exercise period Quarterly Issuance date 11 September 2018 Expiration date 10

issuance of shares of THB 2,266.0 million. 375.7 1,195.8 2,318.9 421.6 1,158.9 81.7 Beginning cash and cash equivalents (31 Dec 2017) Net cash from operating activities Net cash used in investing activities

investor protection purposes. • Where the digital tokens involved in an ICO fall under the definition of securities, parties engaging in activities other than issuance and offering (e.g. brokerage, dealing

245.5 million in 9M2019 due to bond issuance to refinance the existing bank loan totaling of Baht 4,000 million in June 2018. 6 As a result, Our Gross Profit Margins was 34.2% in 3Q2019 decreased from

liabilities under rehabilitation plan (2) Repayment of short-term loan from related party (1,864) Repayment of long-term loan from related party 0 Cash received from issuance of new ordinary shares 1,503 Pay

statement as of 30 June 2019) 21,074,049,943 = 1.65% 4. Calculation based on value of equity shares issued for the payment of assets Cannot be calculated because there is no share issuance for the payment 4

7.34 million Baht or increased 7.73% due to the year 2019, the company had higher financial costs from interest burden from the issuance of bonds and financial institutions from the same period of the

the issuance of debenture and the withdrawal of loan in the net amount of Baht 4,523 Million for company liquidity during COVID-19 situation, dividend and interest payment in the amount of Baht 2,338

of 2019 by 3,395.2 million baht or 16. 7% due to increased cash from fund raising Page | 8 Management Discussion and Analysis Q2/2020 through the issuance of debentures, companies in the investment

2.86 million Baht or increased 1.46% due to the year 2019, the company had higher financial costs from interest burden from the issuance of bonds and financial institutions from the same period of the