To : President The Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the three month-period and six month

February 28, 2020 Ref: SET-2020-003 Re: Management Discussion and Analysis for the year 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its

% 227% Administrative expenses (1,006) (1,599) 59% (281) (367) (664) 81% 137% Gain (losses) on exchange rate (16) 152 (1,067%) 104 312 (65) (121%) (162%) Fair values adjustment of investment property 3

Ref. No. IVL 007/05/2018 May 10, 2018 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of Indorama

Ref. No. IVL 003/08/2020 13 August 2020 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

Ref. No. IVL 002/05/2020 12 May 2020 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

to Bt637 in 3Q17 compared to Bt600 in 2Q17, after discounted subscriptions expired. Our plan to expand coverage further from the current 28 cities remains to capture fibre demand. Profitability

2019, AIS adopted Thai Financial Reporting Standards (TFRS) 15 regarding revenue from contracts with customers. The standard affects accounting of handset campaigns with price plan contract. This

to the cycle of the market which lowering the demand of steel products. The Company has exported its products as according to the marketing plan in order to expand marketing strategy, improve standard

public offering of BBGI Company Limited (“BBGI”) (IPO), the proposed listing of BBGI on the Stock Exchange of Thailand, the employee stock option programme for the benefit of directors, management and