1 --Translation-- Sor Gor 11/2018 February 22, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Audited) To: The President The Stock Exchange of Thailand

order to reserve for the exercise of JMART-W3 in the amount of not exceeding 100,734,301 shares and to reserve for the exercise of JMART-W4 in the amount of not exceeding 100,734,301 shares, a fraction of

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Second Quarter and Six-Month Period Ended 30 June 2017 1. Q2/2017 Highlights Figure 1: Quarterly

authorized management person of a financial institution who involved in the cause of damages or was jointly responsible for the damages to the financial institution of which license was revoked, or business

of their shareholding or common management with the issuer who issues underlying shares, particularly the persons with any of the following characteristics: (1) holding, directly or indirectly, more

via active and inventory cost control in order to achieve economies or scales; and (ii) other cost management such as financing costs, insurance costs, working capital management, and organizational

has appoints Jay Capital Advisory Limited to be the Independent Financial Advisor (“independent financial advisor” or “the IFA”) in order to give opinion on entering into such transaction. The opinions

with management power or advisor of financial institutions; 5. being under the period prescribed by an order of the Office to be suspended, revoked or prohibited from performing the duties of supervisor

SSSG. • Revenue from Non-Café in 1H/2019 increased by THB 29 million or 2,900% from 1H/2018 from the higher OEM order volumes, which started from late 2018. Management Discussion & Analysis Q2/2019 32.7

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS A f t e r Y o u P u b l i c C o m p a n y L i m i t e d Q2/2021 Financial PerformanceExecutive Summary Significant Events 2 Management