April 27th, 2021 No. ACC/HO 008/64 Topic: Management Discussion and Analysis for the Quarter of 1/2021 To: President The Stock Exchange of Thailand During the first quarter of 2021 a new wave of

subsidiary which previously only focused within the group to the company outside the group. The revenue from construction service which recognized in the first half of 2019 has mostly come from the

continued growth across all categories supported by the increased in farm income both in productions and prices. Exports during the first half of 2019 contracted 2.9% from the same period last year as a

and leisure destination of choice. The opening of Central Village (initial phase) held on August 31, 2019, the first luxury outlet format in Thailand which is the 34th shopping mall located close to

recognition of non-recurring income from the insurance claim under terrorism coverage of THB 3,500 mn (for the first nine months of 2018, CPN reported total revenue of THB 27,126 mn, an increase of 2.2% YoY

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2020 1 Significant events in the first quarter of the year 2020

Exchange Act (No. 4) B.E. 2551 (2008) , Section 98(3) (5) and (7), the second paragraph of Section 100, the first paragraph of Section 109, Section 114, Section 115, Section 116 and Section 117 of the

Exchange Act (No. 4) B.E. 2551 (2008), Section 98(3) (5) and (7), the second paragraph of Section 100, the first paragraph of Section 109, Section 114, Section 115, Section 116 and Section 117 of the

Exchange Act (No. 4) B.E. 2551 (2008), Section 98(3) (5) and (7), the second paragraph of Section 100, the first paragraph of Section 109, Section 114, Section 115, Section 116 and Section 117 of the

first nine-months of 2020, the total consolidated revenues were 16,297 million baht, decreasing of 839 million baht or 5% y-y. In the 3rd quarter of 2020, the Company’s revenues were 5,257 million baht