subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2018 MANAGEMENT DISCUSSION

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Management Discussion and Analysis The Thai economy is expected to gradually recover in line with COVID-19

following: 1. To repay loans and interest from WOG Technologies (Thailand) Company Limited (“WOG THAI”) (The Existing shareholder) amount of Baht 42 million. 2. To repay creditors arising from the purchase of

Yai, Nawamin, Saphanmai, Seri Thai, Phetchaburi, Ram-Intra KM. 10 and Salaya. /3 New branches total 11 branches are located in other provinces, operated since 2016: Nakorn Panom, Mukdaharn, Nakorn

: Note: The Company has adjusted the selling expenses in the financial statements for the three-month and nine-month periods in compliance with Thai Financial Reporting Standard No. 15 Re: Revenue from

overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from appreciation of Thai Baht against US Dollar. However, those negative impacts were

year due to the fact that Company had mainly international client which used Dollar currency and last year Thai Baht currency was appreciation so Company had loss from exchange rate. Finance costs Net

27 February 2018 At: ACC/HO 011/61 Re: Management Discussion and Analysis for the year ended 31 December 2017 To: President The Stock Exchange of Thailand In the first half of 2017 the Thai economy

Notification of the Office of The (Translation) PAGE (Translation) -4- Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

Notification of the Office of The (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand