Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019

profit from investment in associates compared to the third quarter of 2016 are as follows: Name of the Company Quarter 3 rd /2017 Quarter 3 rd /2016 LH Financial Group Public Co.,Ltd. 169 237 Quality

Quality Houses Public Company Limited and its subsidiaries (the “Company and its subsidiaries”) would like to report the Third quarter 2017 net profit which increased by Baht 360 million or 47% and 9-month

participating market operators), investors will be eligible to receive a promotional gift valued at 500 baht. Participating business operators are 22 investment management companies, 14 securities companies, 2

quality. KASIKORN FACTORY & EQUIPMENT CO., LTD. reported higher loan growth than the company’s target. In addition, Muang Thai Life Assurance PCL retained its leadership in the bancassurance business

mainly by hotel business performance improvement and the gain from the sale of other long-term investment The Company reported 1Q18 revenue of THB 1,698 million, an increase of 12.5%, mainly driven by

and private sectors, Thailand Responsible Business Network (TRBN) and allies therefore launched the “Send Plastic Home” project to promote the “sort at home, drop with us” campaign. They also provided

Company”) still has carried adjustment of the business strategy to focus on the large project. Moreover the Company still development quality of product and service followed by client’s standard that

user-friendliness and search tools on their websites.  (4) Accounting and Auditing: Thailand faired significantly well in this area thanks to the SEC?s strict supervision on audit quality assurance on

Co., Ltd. and subsidiary companies provide a full range of real estate development services. The emphasis is put on the quality of life of the residents in accordance with “Livable Community” strategy