- 1 - AIT (VP-SEC) 004E/2020 February 11, 2021 Subject: Management's Discussion and Analysis of Operating Results for the year 2020 and Q4-2020 To: The President of the Stock Exchange of Thailand

171.1 (54.3) (31.7) Gain on exchange rate 55.7 179.4 (123.7) (69.0) Non-operating revenues (2) 1,731.9 7.5 1,724.4 23,074.6 EBIT (3) 864.0 3,729.8 (2,865.7) (76.8) Plus: Depreciation and amortization

recover if the pandemic becomes more severe and prolongs than expected. 2. Stricter measures are implemented in order to contain the spread of COVID-19, which might cause some businesses to shut down their

2527 โทรสาร 0-2263-6250 Service Helpdesk Information and Communication Technology Department The Office of the Securities and Exchange Commission 333/3 Vibhavadi-Rangsit Road, Chomphon , Chatuchak

แบบแสดงรายการขอมูลการเสนอขายตราสารหน้ี (รายครั้ง) (แบบ 69-DEBT-PO-GOV.AGENCY) บริษัท........... (ช่ือไทย/อังกฤษของผูเสนอขายตราสารหน้ี) ............. เสนอขาย ......................................................................................................................... ......................................................................................................................... ....................................................................................................

Smart Grid, Microgrid and Energy Storage. As a result, ERC is in the process of adjusting the power structure in order to better operate and facilitate the electricity related activities including the

2019) 8. The Company underwent new Passenger Service System (PSS) migration. Comprising of Reservation & Ticketing and Departure Control System, the following functions will be improved in order enhance

has disclosed the issue about the procurement process of raw materials to The Stock Exchange of Thailand in Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 3 2Q2018

, nhancement.   sing  59%  YoY  Bt2,375mn  (no ned 1.4%.    increasing  6.7 ents.   sing  3.7%  YoY  SG&A increase s.  decreasing  8.1 continued to fo t  in  order  to  a 2Q17 M nced Info n 2Q16  g from  Jan‐17

exterior look, and also setting up a new “Food Destination Zone”, which combines food court, restaurants, food kiosks, and supermarket altogether at the same area in order to draw traffic into the shopping