Page 1 No. CMC Sor Lor.009/2019 May 14, 2019 Re: Management Discussion & Analysis for the Period Ended 31 March 2019 To The President of the Stock Exchange of Thailand (SET) CHAOPRAYAMAHANAKORN

by 28.8% as compared to the same period last year and for the 6 month cash collection was 1,414 million baht, increase by 33.1% as compare to the same period last year. • The company purchased

(loss): A slump in shares of profits by 390% from the same period of the previous year was solely due to a negative performance of Advance Power Conversion Company (APCON) whose projects had been delayed

14 August 2019 Subject: Management Discussion and Analysis for the 6-Month Period Ended June 30, 2019 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public Company

corresponding period last year, or 22.75% decreased. The revenue was decreased because some customers rush to transfer and secure their mortgage in the first quarter before the new BOT’s LTV measure become

review of consolidated interim financial statements of the Group and the interim financial statement of the Company for the period ending March 31, 2018. The results shows net profit of Baht 195.22 million

decreased 9.79 million Baht, or 2.91% from the same period of previous year due to the slowing of the economy. Investment and government expenditure were not enough to drive the economy. While the private

Company's operating results in the third quarter ended September 30, 2018 has loss in amount of Baht 9.64 million (loss per share Bath 0.96), compared to the same period of last year which had loss of Baht

%. Shares of Profits: EASON got 6.01 M from shares of profits which was 56% lower than the same period of the previous year, solely due to the performance of Advance Power Conversion Company (APCON) whose

million or 44. 7% when compared to the same period last year. In addition, the attendees increased by 10% and cash flow from the event reached Baht 2,000 million. Most attendees were interested in IT