Management Discussion and Analysis Q3/2019 Financial Result Summary Q3/ 2019 Q3/19 Q3/18 Change +/(-) 9M/19 9M/18 Change +/(-) (in THB mm) YoY 9M Revenue from Sales and Services 57.4 54.3 6% 146.9

15 August 2017 Subject: Management Discussion and Analysis for the 6-Month Period Ended June 30, 2017 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public Company

Subject: Management Discussion and Analysis - for the period of 1Q2019. To: The President of Stock Exchange of Thailand B-52 Capital Public Company Limited (“the Company”) would like to notify the operating

2019 Subject: Management Discussion and Analysis - for the three-month period ended 30 June 2019. To: The President of Stock Exchange of Thailand B-52 Capital Public Company Limited (“the Company”) would

2019 Subject: Management Discussion and Analysis - for the three-month period ended 30 June 2019 (Revise) To: The President of Stock Exchange of Thailand B-52 Capital Public Company Limited (“the Company

Analysis (MD&A) Report for the Three Month Period (Q3/2018) Attention: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A

No. B52-201911/001 11 November 2019 Subject: Management Discussion and Analysis - for the three-month period ended 30 September 2019. To: The President of Stock Exchange of Thailand B-52 Capital

management since the end of last year by focusing on reduction in subcontractor cost as a necessity and change some organizational structure to suit with the current situation. Discussion and Analysis of the

share best practice and to collaborate on investment activity, credit analysis, risk management, engagement and policy related to climate change.

associates. Financial Position Analysis (Unit : Million Baht unless otherwise stated) June December Change 2019 2018 Amount % Change Total Assets 18,987 17,891 1,096 6.12% Total Liabilities 10,783 9,944 839