1 Ref: AC.034/2019 4 November 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

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1 Translation UWC 006/2019 February 26, 2019 Subject : Management Discussion and Analysis for year 2018 To : President of the Stock Exchange of Thailand Ua Withya Public Company Limited ("Company

. Going forward, the growth strategy of the Company to build through strengthening our sizeable domestic portfolio and opportunistic acquisitions. The Out-of-Home business is in a good position of grow

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person(s) entrusted by the Board of Directors and the determination will base on the position, role and responsibilities, year of working with the Company and/or its subsidiaries, experience, and

securities of Glow Energy Public Company Limited, and the scheduling of Extraordinary General Meeting of Shareholders No. 1/2018 Attention: President Stock Exchange of Thailand Enclosure: Information

Limited Management Discussion and Analysis for the year 2017 6 (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2017 7 Financial Position As

(Loss) attributable to equity holders of the company (277.59) (243.35) (34.24) (14.07) Financial Position as at December 31 (Unit : Million Baht) 2019 2018 Inc./(Dec.) % ( A d jus ted an d R ec l as s i f

% Financial position Total assets 250,326 186,945 63,380 33.9% Total liabilities 189,609 145,986 43,623 29.9% Total equity 60,716 40,959 19,757 48.2% (1) (1) (1) (2) Central Retail Corporation Public Company