-Translation- Ref. WINNER 006/2020 February 27, 2020 Subject: Management Discussion and Analysis (MD & A) for the year 2019 (Revised) To: The President The Stock Exchange of Thailand 1. Analysis of

Media Public Company Limited No. 2 (VGI-W2), Capital Increase through a General Mandate and Calling the 2018 Annual General Meeting of Shareholders To The President The Stock Exchange of Thailand

compensation for design and construction to related person. To: Managing Director The Stock Exchange of Thailand Reference: 1. Capital Increase Report Form (F53-4) 2. Report of Information Memorandum on the

Carnival Magic Project, and compensation for design and construction to related person. (Update) To: Managing Director The Stock Exchange of Thailand Reference: 1. Capital Increase Report Form (F53-4) 2

); the Fuel Ethanol Business EBITDA is THB 41 million (-29% QoQ). In June 2017, the company has informed the Stock Exchange of Thailand of the changes in shareholing structure of Bio-based Product business

Stock Company (“VGI Vietnam”) with a total investment of VND 347.7bn or an equivalent of THB 457mn (THB 343mn by MACO and THB 114mn by VGI). VGI Vietnam is a leading OOH media company with nationwide

Eng_MD&A Q2'18 (Translation) August 14, 2018 Ref: SET-2018-016 Re: Management Discussion and Analysis for Quarter 2’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public

force as from 1 January 2015; (2) the second paragraph of Clause 34 relating to fundamental recommendation regarding the importance of basic asset allocation shall come into force as from 1 April 2016

Profitability ratio 31-Dec-19 31-Dec-18 Gross profit margin 26.4% 30.7% EBITDA margin 22.5% 18.0% Net profit margin 5.2% 5.2% Efficiency ratio 31-Dec-19 31-Dec-18 Return on equity 6.6% 5.9% Return on asset 5.9

Managing Director of Accounting and Finance, and the disposition of land of the Company’s subsidiary (Amendment) To President The Stock Exchange of Thailand K.C. Property Public Company Limited (the “Company