-Ze from Baht 50 million to Baht 80 million prior to share sale and purchase date. 4.2 Financial Highlights in the last 3 years Unit : THB Million 2015 2016 2017 (Audited) (Audited) (Audited) Revenue

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter Ended 31 March 2018 1. Q1/2018 Highlights Figure 1: Quarterly results  In Q1/2018

) (CNES and other subcontractors under facilitation of CNES) is below THB 50 Million, the Management is seeking Board of Directors approval for the project as the total aggregate amount of the project is

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q2/2019 and H1/2019 ended 30 June 2019 1. Q2/2019 Highlights Figure 1: Quarterly results  In Q2

23 April 2018 At: ACC/HO 016/61 Re: Management Discussion and Analysis for the three-month period ended 31 March 2018 To: President The Stock Exchange of Thailand During the first quarter of 2018 the

August 11, 2017 Re: Management Discussion and Analysis for the period 3 months June 30, 2017 To: The Registrar, Stock Exchange of Thailand Patkol Public Company Limited : Management Discussion and

on the quality and cost management of goods, so imports from Europe instead of imports from China, resulting in lower costs from the Thai Baht strengthens, compared with the previous year. - Other

. - Management fee income in Q1/2019 amounted 20.81 million baht increased by 10.81 million baht or 108.10% from 10.00 million baht in Q1/2018 due to the increase in revenue from joint venture project and juristic

. - Management fee income in Q2/2019 amounted 21.56 million baht increased by 8.88 million baht or 70.03% from 12.68 million baht in Q2/2018 due to the increase in revenue from joint venture project and juristic

million from the same period of the prior year. Construction revenue decreased because Xayaburi Hydroelectric Power Project is now close to project completion. Also, in Q2 2017, the Company accelerated