Utilities and in preparation for COD of IRPC-CP Phase 2” 2 Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion & Analysis Thailand’s overall economic has been forecasted to grow around 3.6

developed companies as well as initiatives related to utilities and energy sector. Significant events in Q2/2018 5 Q3/2018 Market environment and Directions In Q2/2018, Thailand’s economic was forecasted that

provide projected / forecasted financial statements which is merely optional, the issuer shall properly state the reasonable assumptions, including explanation of calculation methods on setting up such

earnings of the issuer. 14 In case the issuer would like to provide projected / forecasted financial statements which is merely optional, the issuer shall properly state the reasonable assumptions, including

investment. Investment consultant is categorized as follows: (1) general investment consultant means an investment consultant providing consultation only on capital market product not having complex

revenues For the current Company’s major business policy, the major products are parts for products assembly of faucets, water supply products, and sanitary wares which can categorized the products which the

disclosure of financial information as categorized by business units, the income structure of the most recent year may be displayed instead. (For example, Business A and Business B generate 65 percent and 35

financial statements in accordance with the accounting standards on disclosure of financial information as categorized by business units, the income structure of the most recent year may be displayed instead

(-Translation-) Ref. No. VGIGM.CSC.SET.18.13 May 17, 2018 Subject Dividend Payment, Investment in the shares of Kerry Express (Thailand) Limited, Issuance and Offering of the Newly Issued Ordinary Shares of the Company via a Private Placement, Partial Sale of VGI Global Media (Malaysia) Sdn. Bhd.’s shares, Issuance and Allocation of Warrants to Purchase Newly Issued Ordinary Shares of VGI Global Media Public Company Limited No. 2 (VGI-W2), Capital Increase through a General Mandate and Calling t...

net investments (including net investments in associates) as of December 31, 2018 were categorized into securities with one year or less to maturity of Baht 145,295 million, securities with more than