strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

liabilities 5,070.6 2,025.5 3,045.1 150.3 Total liabilities 190,447.7 194,268.7 (3,821.0) (2.0) Total owners’ equity 36,514.5 36,279.6 234.9 0.6 LH Financial Group Public Company Limited Management Discussion

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2017 and FY2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion

385.75 329.23 56.52 17.17 Other income 1.43 1.13 0.30 26.77 Cost of service 300.99 241.86 59.13 24.45 Expenses of sales 9.81 9.87 (0.06) (0.58) Expenses of management 49.30 43.92 5.38 12.24 Expenses of

หน้า 1 จาก 4 February 27, 2020 Subject Management Discussion and Analysis for the year 2019 ending December 31,2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company

subsidiaries for Year 2017 period ended December 31, 2017 and would like to clarify on the annual operating results as follows:  The consolidated net profit attributable to equity owners of the Company for the

บริษัท สำนักกฎหมายธรรมนิติ จำกัด Page 1 of 2 No. NDR006/2018 Date: 23 February 2018 Subject Management Discussion and Analysis (MD&A) Report for Q4/2017 Attention Directors and Manager, The Stock

MDA 2560ENG.1 Final v.1 Page 1 of 2 No. NDR006/2018 Date: 23 February 2018 Subject Management Discussion and Analysis (MD&A) Report for the year 2017 (Revise) Attention Directors and Manager, The

subsidiary companies in Q1/2019 is 2,790.24 million THB, increasing 290.71 million THB or 11.63% from Q1/2018. The income from sales, rent and service and management fee increased 10.71%, 44.17% and 16.99

No. SN.LK. 017/2019 May 10, 2019 Subject Management Discussion and Analysis Quarter 1 Ending 31 March 2019 To The President The Stock Exchange of Thailand Indara Insurance Public Company Limited