No: AH 02022024 February 29th, 2024 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2023 ended as of December 31, 2023 To: The President The Stock Exchange

(%) YoY (%) Advertising 262 270 144 -46.6% -45.0% Domestic Advertising 262 182 97 -46.7% -62.9% Billboard & Other 150 101 66 -34.9% -56.2% Street Furniture & Digital 112 81 31 -61.5% -71.9% International

/21 Restated 2Q 2020/21 QoQ (%) YoY (%) Advertising 415 144 179 24.3% -56.8% Domestic Advertising 258 97 122 26.0% -52.6% Billboard & Other 138 66 71 8.5% -48.3% Street Furniture & Digital 120 31 51

, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

information from SET, which acts as the first-line inspector to detect suspicious trading activities. AMLO then takes over the investigation of financial transactions to facilitate asset-related legal actions

On July 24, 2025, the Minority Shareholders Watch Group (MSWG), Malaysia's corporate governance expert organization and one of the assessment bodies representing Malaysia (Domestic Ranking Body

financial institutions. A summary of the key operational matters and events for the 1st Quarter 2018 GFPT Group had total revenue from sales of THB 3,958.50 million in 1Q2018, representing a decrease of THB

% with the increasing from domestic selling price and expansion oversea market. There are gross margin rate or the year 2019 is 19% and 15% in the year 2018. As the result of the company’s gross margin

results for the year ended 31th December 2017, compared to those for the same period ended 31th December 2016. The consolidated financial statements reported a net loss of Baht 46.53 million and Baht 78.37

reason for relative financial performance on the items varies more than 20% compared to same quarter of previous year. The company, hereby, explains the Q3-2019 operating performance compared to Q3-2018