, 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

World Corporation Public Company Limited. Ref. World 4-03/2018 4 Moo 11 Hathai Rat Road, Tumbon Lat Sawai Ampur Lum Luk Ka, Pathum Thani Province April 11, 2018 Subject: Approval of financial

share of investment in JV and associates and non-recurring expenses. 2As shown in financial statement, excluding minority interest. 3Net profit excludes minority interest, is adjusted for amortisation of

0.80 per share from the financial status of the Company, the current market price and the result of the negotiation with the investors.Such offering price is not lower than the 90 percent of the market

2017 Subject: Notification of the Board of Directors No. 9/2017, determination of the date of the Extraordinary General Meeting of Shareholders No.1/2017, determination of all Record Date and Asset

Limited (the “Company”) Board of Meeting No.1/2018 on 26 February 2018, the resolution to certify the Company’s financial statements and performance for the yearly ending 31 December 2017 which has already

account receivable turnover especially debtor screening policy efficiently. Therefore, there has been no record for an uncollectible account from Debtors. This is to ensure the Company financial status and

value of 0.25 baht from the current share holders in form of Right Offering, at the ratio of 5 current shares to 2 new shares. - Loan from financial institution. 8. Expected Benefits for the company 8.1

AvantGarde Capital Co., Ltd. as the independent financial advisor of the Company in order to provide opinions on the entering the Share Purchase Transaction and the tender offer for the remaining shares to the

4,009 -3% Non-controlling interests 70 150 359 413% 139% 337 701 108% Earnings per share (Baht per Share) 0.77 0.73 1.35 75% 85% 3.00 2.91 -3% Note: Restatement of financial statement 2018 due to the