Ref: UWC 025/2562 November 13, 2019 Subject: Management Discussion and Analysis 3rd Quarter ended September 30, 2019 To: President The Stock Exchange of Thailand Ua Withya Public Company Limited

ended 30 September 2019, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 September 2019 30 September 2018 Increased

: Statement of Financial Position as of 30 September 2017 and 31 December 2016 Numbers Consolidated Financial Statement Separate Financial Statement as of 30 Sep 17 as of 31 Dec 16 %variance as of 30 Sep 17 as

the state enterprises in last year has been picked up during this period in 2017. Type Jan.-Sep. 2016 Jan.-Sep. 2017 MB % MB % 1. Sales Revenue 337.80 99.69 599.94 99.84 2. Other Revenue* 1.05 0.31 0.97

MD&A Q3Y2018 (E) - 13.11.18 Ratchabur i Electr icity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Per iods Ended 30 September , 2018 Management

Dusit Suites Ratchadamri Hotel Bangkok, Dusit Events, Dusit on Demand and the newest business “Baan Dusit Thani, which was fully opened in September 2019 with very good response. Currently, the Company

the beginning of the year such as Dusit Suites Ratchadamri Hotel Bangkok, Dusit Events, Dusit on Demand and the newest business “Baan Dusit Thani, which was fully opened in September 2019 with very good

MD&A Q3Y2017 _E_ 13.11.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Management Discussion

of GFPT Public Company Limited and its subsidiary companies As at September 30, 2019 and December 31, 2018 As at Sep 30, 2019 As at Dec 31, 2018 Change MB % MB % MB % Cash and Cash Equivalents 1,559.80

- 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