decreased which resulted from net gain on foreign exchange. In Q2/2019, the Company and subsidiary posted net gain from foreign exchange Baht 434 million while same period of last year posted net loss from

service use unit of production method, however, the company still could generate the Cash Margin Net gain on foreign exchange rate Consolidated net gain on foreign exchange amounted to Baht 584 million. The

Page 1 of 4 No. RJH – SET 4/2019 25 February 2019 Subject : Management’s Discussion and Analysis for the fourth Quarter of 2018 and year ended December 31, 2018 To : The President The Stock Exchange

-1- AIT (VP-SEC) 026E/2017 7 November, 2017 Subject: Management's Discussion and Analysis of Operating Results for Q3-2017 To: The President of The Stock Exchange of Thailand Summary of Operations Q3

Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the three month-period ended March 31, 2019 with details as

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

with previous quarter which has net loss Baht 1,056 million due to net gain on exchange rate. Net loss on exchange rate Baht 485 million of previous quarter turn to net gain on exchange rate in this

one time or several times, the determination of date and time of offer, sub-delegation, filing and disclosing relevant details to the Ministry of Commerce, the Securities and Exchange Commission

(Translation) February 27, 2019 Ref: SET-2019-003 Re: Management's Discussion and Analysis and operating results for the Year 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision

Law Drafting Task Force dated 10 October 2017, presented the Draft Security Interests Act B.E. …. at the 52nd United Nations Commission on International Trade Law (UNCITRAL) Session on 19 July 2019 at