Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the Year 2017 with the

related purification and treatment water systems in Thailand to the target’s consumers. 5.7 In business segment Industrial and OEM (B1) continue marketing strategies that focus on expanding the business in

(Translation) November 14, 2018 Ref: SET-2018-017 Re: Management Discussion and Analysis for Quarter 3’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited

revenue growth of 8 percent -10 percent per year and expected total revenues of THB 1,500 – 2,000 million in three years. Green Ocean Water (Thailand) Company Limited which is the company’s subsidiary and

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

rainfall in the Eastern part of Thailand will be lower than average level about 20% in May and higher than average level about 5% during June – July. The average water in the reservoirs in Chonburi and

Eastern part of Thailand will be lower than average level during November – December and get closer to the average level in January. The average water in the reservoirs in Chonburi and Rayong were 83% and

water quantity of the past 10 years. The weather forecast of the Department of Meteorology was expected that the total rainfall in the Eastern part of Thailand will be move closing to the average in July

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE In

total rainfall in the Eastern part of Thailand will be lower than average level about 10% during February 2020 – March 2020 and the same level as average on April 2020. The average water in the reservoirs