1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

revenue decreased by approximately 18 percent from the 1st quarter of last year, which still resulted in the overall revenue in the 6-month period of 2020 from such a decrease. By the 1st quarter continued

operating revenue of THB 512mn, a decrease of 25.9% YoY. The decrease of overall performance was significantly affected from the coronavirus outbreak, which started since early of 2020. This led to an

owing the outstanding balance of fuel charge worth 53.62 million baht was capable of debt repayment to the company before the auditor signed off the disclosure of the annual financial statements for the

outstanding balance of fuel charge worth 53.62 million baht was capable of debt repayment to the company before the auditor signed off the disclosure of the annual financial statements for the year 2015 without

the debtor owing the outstanding balance of fuel charge worth 53.62 million baht was capable of debt repayment to the company before the auditor signed off the disclosure of the annual financial

the debtor owing the outstanding balance of fuel charge worth 53.62 million baht was capable of debt repayment to the company before the auditor signed off the disclosure of the annual financial

believing that the debtor owing the outstanding balance of fuel charge worth 53.62 million baht was capable of debt repayment to the company before the auditor signed off the disclosure of the annual

auditor into believing that the debtor owing the outstanding balance of fuel charge worth 53.62 million baht was capable of debt repayment to the company before the auditor signed off the disclosure of the

over wholesale sales to cautiously control the overall sales credit in this channel. As a result, sales for the current period decreased slightly by 5.4%. Despite the gradual economic growth and the