Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital

Average Number of Ordinary Shares (Million Shares) * 947.96 947.96 - - 6-Month Period (January – June) Revenues from Sales and Services 2,580.16 100.00 2,317.45 100.00 262.71 11.34 Costs of Sales and

Weighted Average Number of Ordinary Shares (Million Shares) * 947.96 947.96 - - 9-Month Period (January – September) Revenues from Sales and Services 3,693.43 100.00 3,312.21 100.00 381.22 11.51 Costs of

propose tha nvestments i investments i he operation o 0 percent of t investments idiary compa 999,999 ord B (149,900,00 B shares are h investments i he printing b ent of the tot investments sportation bu

million into our capital structure as of June 30, 2017, the illustrated net interest-bearing debt to equity ratio would be 1.6 times. Development of Solar Projects Pursuant to Notification of the State

% of the ordinary shares in Glamford Investments sp. z o.o. The purpose of Glamford acquisition is to invest in leasehold rights to carry on the hotel business overseas. 18 January 2019: Signing of the

position. Besides, shareholding portion in subsidiary reduce because GJ Steel increase registered capital which lead to the increase in number of shares, hence, the Company shareholding portion decrease

In April 2009, the Company invested in the ordinary shares of Mory Lohakit (Thailand) Co.,ltd. ,who is the marketing and sale force for the company and its subsidiaries and joint venture, by holding 49

hundred million or more in securities as per the audited financial statements for the most recent year; (14) Juristic person in which the shareholders are such persons under (1) to (13) holding shares in an

more in securities as per the audited financial statements for the most recent year; (14) Juristic person in which the shareholders are such persons under (1) to (13) holding shares in an aggregate of