Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q3/2019 and 9M/2019 ended 30 September 2019 1. Q3/2019 Highlights Figure 1: Quarterly results  In

Page 1 of 11 - Translation - Ref. WINNER 0029/2019 November 14, 2019 Re Management Discussion and Analysis (MD & A) for Q3/2019 period and for the nine-month ended September 30, 2019 To The President

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the year ended 31 December 2019 1. Year 2019 Highlights Figure 1: Quarterly results  In Q4/2019, the

-Translation- Ref. WINNER 028/2020 November 12, 2020 Subject: Management Discussion and Analysis for the 3-month period and 9-month period ended 30 September 2020 To: The President The Stock Exchange

. “underlying share” means a newly issued share provided for the exercising of rights under a convertible bond. “exercising of conversion right” means the conversion of convertible bond into shares, whether by

cost management for electricity generation of our gas- fired power plants which contribute approximately 70% of our portfolio capacity. Land Lease Agreement for U-Tapao hybrid project On June 26, 2020

Bangkok Business Broadcasting Company Limited), a subsidiary in which the Company holds 149,900,002 ordinary shares with a par value of Baht 10 per share, equivalent to 99.9333 percent of total ordinary

million baht of which loss attributable to the equity holders of the Company was 3,313.4 million baht. Loss per share for the six-month period of 2020 was 1.61 baht. 3 ASIA’S BOUTIQUE AIRLINE Notable Event

balance 3 Investment in joint venture 45 Cash decrease 1,776 Cash returned paid to NCI from share capital reduction 33 Total 66,084 Total 66,084 6 3Q17 MD&A Advanced Info Service Plc. 2017 MANAGEMENT

earnings. The Board of Directors has approved the 2017 annual dividend amounting to Bt3.57/share or 70% of the net profit from 2H17 performance. The XD and payment dates will be on 5th April 2018 and 26