hereby clarifies the performance as follows: During 2019, the Company had the net profit of THB 3,229.3, which increased by 11.1% compared to the same period of 2018. Which the normalized net profit

- Translation - Management Discussion and Analysis of the Company’s Performance for the three-month period ended 31 March 2019 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management

- Translation - Management Discussion and Analysis of the Company’s Performance for the nine-month period ended 30 September 2019 - Translation - JKN GLOBAL MEDIA PUBLIC COMPANY LIMITED Management

Thailand We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

utilized or have not reached the optimal level yet. Therefore, cost per unit was higher at this point, which might continue to impact the Company’s operating performance in the short term, or for the next 2

Operation for 1Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery

the Information Memorandum on Acquisition of Assets of Production and distribution of water supply project (Rev1) on March 2, 2018 The Company would like to inform the amendment of such information as

expenditures are at a high level. The government's capital expenditure expanded mainly in line with the disbursement of transport agencies. However, the overall performance of the company in Q2–2021 showed that

the previous period. The Company's overall performance in Q3- 2022 was consistent with the overall economic situation. The total revenue in Q3-2022 increased from Q2-2022 and Q3-2021, representing an