conditions. In order to increase the return to the Company with profits from the sale of securities. Due to the fact that the stock price of Saha Pathana Inter- Holding Public Company Limited has a very high

- Translation - Page 1 of 6 CBG 006/2020 20 February 2020 Subject Management discussions and analysis for the fiscal year ended 31 December 2019 To President The Stock Exchange of Thailand We

-517-0109-14 Fax 66-2-5170529 February 27, 2017 Subject Management Discussion and Analysis for the year ended December 31, 2016 To Managing Director of Stock Exchange of Thailand Table of Financial Ratio

MDA Q1_2018 (Eng.) May 7, 2018 Subject : Interim Management Discussion and Analysis of Q1/2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the year 2018. The MD&A would enable the investors to better

MD&A Q4_2018 (Eng.) February 21, 2019 Subject : Yearly Management Discussion and Analysis of 2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

(MD&A) for the year 2019 Attention: The President The Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the

MDA Q2_2017 (Eng.) August 10, 2017 Subject : Interim Management Discussion and Analysis of Q2/2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

MDA Q3_2017 (Eng.) November 8, 2017 Subject : Interim Management Discussion and Analysis of Q3/2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

MDA 2017 (Eng.) February 20, 2018 Subject : Yearly Management Discussion and Analysis of 2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of