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Microsoft Word - MD&A_2022 27 February 2023 Subject: Management Discussion and Analysis Ending 31 December 2022 To: The Managing Director The Stock Exchange of Thailand Unit: MB Summary of operating

and strengthen professionalism in financial industry in term of financial knowledge, analytical skills, stock valuation and ethics-based performance which assures the quality of CFA certificate holders

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NEP 045-2562 12 September 2019 Subject: The Sale of the machines to connected person (Add Information) To: President The Stock Exchange of Thailand The resolution of the Board of Directors’ Meeting

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity

continued to grow well by c.20%.  Net profit in Q2/2017 was Baht 61 million, a decrease of 57% YoY due to 1) higher cost per unit resulted from lower capacity utilization; 2) higher depreciation resulted

32 MDA Q3 60 EN -Translation- No. ECF2 077/2017 November 14, 2017 Subject: Management Discussion and Analysis of the 3rd quarter ended September 30, 2017 To President The Stock Exchange of Thailand

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