Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of

of 100:1, (ii) a minor capital increase through a private placement, for the purpose of facilitating the reverse stock split via a rounding of fractional shares and (iii) a capital reduction for the

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 12 Executive Summary Growth in both revenue and net profit demonstrates the effectiveness of retail

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

a company or agent assigned by you. One For All Reporting System (OFAR) and various online systems, for example: Information on unitholders (MPF 7000); Report on the investment position and the

Bangchak Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the 1st quarter ended March 31st, 2019 Unit: THB Million Q1/2018 (Restate) 7/ Q4/2018 Q1

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through higher value packages as well as cross-sell upsell to uplift the ARPU. The company is also committed to bringing more value to customers with various partnership offerings in contents, products, and

serving new content to our customers. D&A costs showed a minor increase (0.8% YoY) mainly from the increase of amortization of the spectrum license and depreciation from 5G network rollout, partially offset