. 2535; (11) The Ministerial Regulation Concerning Approval for Undertaking Securities Business in the Category of Mutual Fund Management B.E. 2545; (12) The Ministerial Regulation Concerning Approval for

Management Discussion and Analysis (MD&A) 2019 Page 1/8 Management Discussion and Analysis (MD&A) 2019 Overview and Factors Affecting Future Performance 2019 was considered a challenging year for the

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2019 1 Significant events in the year 2019 1. The shareholding in Bangkok Metro

revenues. Due to investments in operational improvements and upgrading material management practices in 2017 key input material costs per ton of lime reduced, while fuel prices were up 33% vs Q4 2016

October 30, 2020 Subject: The Management Discussion and Analysis for the second quarter ended June 30, 2020 To: President The Stock Exchange of Thailand Well Graded Engineering Public Company Limited (“the

system which can prevent any misconduct that may cause damage to clients or securities holders and such system shall at least cover the following matters: (a) separation of operational units and

management will be emphasized to enable their capability of providing comprehensive advice on a variety of financial instruments. Training for renewal of approval will also be revised to be more interesting

securities business in the following categories: (1) mutual fund management; (2) private fund management; or (3) brokerage, dealing or underwriting, excluding brokerage, dealing or underwriting limited to debt

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 1 Significant events in the third quarter of the year

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 021/2019/EN 11 November 2019 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 September 2019 To: The President