Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream

at December 31, 2018. In summary, the Company had appropriate capital structure. GFPT Group Expansion Plan In the next 3- 5 years, the Company has planned to grow organically by investing in greenfield

quarter of 2018 continued to improve. Export performance remained strong, with 12.3 percent year-on-year expansion. Tourism also continued to perform well despite the end of the high season, as tourist

THB 1,785 million, an increase of 21% YoY, and 8% QoQ. The increase was mainly from 1.) Personnel expenses for the company’s group 2.) Expansion of Non- Oil business of Bangchak Retail Co, Ltd. 3

made to quality of service, and expanded the locations of service stations simultaneously with expansion of Non-Oil businesses, the total number of service as of the end of 2019 is more than 1,200

situation of these 2 areas. Revenue of Dusit Thani Bangkok decreased from news of closing the hotel even there was special event from Miss Universe. - Revenue from Overseas Owned Hotels increased by 4.9% yoy

COVID-19 since the beginning of 2020, the expansion of overseas franchise Index Living Mall stores has been delayed by 1-2 quarters but still expected to be completed this year, when the situation of

%YoY mainly from spectrum license acquisition and network expansion. • Regulatory fee was Bt5,320mn, flat YoY aligned with core service revenue with representing a stable ratio at 4.1% as FY20

) Explaining the guideline for administrating, managing or solving the case that the proceeds from capital increase are not sufficient or there is a situation which causes the change of absorption costing

To render assistance and alleviate the impact of the COVID-19 situation on employees and employers, SEC, with AIMC’s suggestion, has proposed for the Ministry of Finance to consider granting a