GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2018 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

"). Calculation based on the criteria by using the highest value calculated from one of criteria, we found that such transaction has the highest transaction size as the total value of consideration criteria of

”). The highest value when calculated based on the net profit test from operation which equals 4.39%, based on the 2017 consolidated financial statements of the Company as of 31 December 2017. This

Coefficient of variation = Standard deviation/Mean, higher the coefficient of variation, higher the variability in the data Note: IVL NAM Spreads over raw material based on 100% PET integration from Ethane

(172.69) (899.90) (274.97) (45,077.05) Profit (Loss) attributable to owners of the Company (172.69) (899.90) (274.97) (45,077.05) Based on the performance of DCORP from the consolidated financial statements

carrier that ranks in the Top 20 airlines based on its On-Time Performance (OTP). 8. In the second quarter, the Company has been awarded “Travelers’ Choice Awards – Regional Airline Asia 2019” from

the Company (92.17) (173.12) 0.13 0.07 Based on the performance of DCORP from the consolidated financial statements for the first nine-month of the year 2017 ended September 30, 2017, the total income

Company Limited. Hin Kong Power Holding Company Limited fully owns Hin Kong Power Company Limited, a company that is established in preparation for development of Hin Kong Power Plant. The project is a

results based on its audited consolidated financial statements ended 31 December 2018 as follows. Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read in