submit the report of Management Discussion and Analysis for the year ended 31 December 2020 which has been audited by the auditor this is caused by followings: The Operating results of the company and its

ratio: 0.865 Tons = 1,000 Liters (5) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Global Green Chemicals Public Company Limited Management Discussion and Analysis | 7

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2018 G Steel Public Company Limited Page 1/14 Management Discussion and

Microsoft Word - ACE MDA Q3 22 - EN 1 No. ACE-ACC-4/2022 11 November 2022 Subject Management Discussion and Analysis for the period ended 30 September 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MD&A YE22 - EN 1 No. ACE-ACC-1/2023 28 February 2023 Subject Management Discussion and Analysis for the year ended 31 December 2022 To President The Stock Exchange of Thailand

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

2Q18 as gain from fair value adjustment of investment property. Page 7 of 7 Management Discussion and Analysis 2Q2019 Financial Position and Capital Structure As at 30 June 2019, the Company reported

gain (loss) 6.67 7.63 (12.65) Other income 3.80 11.42 (66.77) Total revenues 2,031.10 2,166.69 (6.26) Cost of goods sold 1,385.47 1,398.20 (0.91) Temporary shutdown expenses 75.92 159.15 (52.29

quarter of 2017. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is

all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. Management’s Discussion