May 15, 2020 Ref: SET-2020-010 Re: Management Discussion and Analysis for Quarter 1’ 2020 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries

amount of 108.6 MB. Administrative expenses Administrative expenses in Q2-2022 increased from Q1-2022 and Q2-2021 mainly because in Q2-2022, a loss on fair value adjustment of investment in Campana Group

, Bangkok  10310  F + 66 (2) 6452828,  + 66 (2) 6452829  VAT ID  0107538000151     Thailand W www.wiik.co.th   -Translation- LWH/ACC 20/02/LT027 February 25, 2020 Subject: Management discussion and analysis

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

, decreased by 3.4 percent from the same period last year. This was mainly due to the measurement from expense management since late of March 2020. Expenses consist of costs of sales and services, selling

1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ

Management Discussion & Analysis ( - translation - ) For operating result of 4Q/18, ended 31 December 2018 Raimon Land Public Company Limited | 27 February 2019 1 / 5 Major Events in Q4/18 and

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on March 31, 2019 1 Significant events 1. The Extraordinary General Meeting

) CFO CFI CFF Ending cash (30-Sep-19) *Included translation adjustment of THB 3mn (THB mn) MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 6 13 May 2019 KEY FINANCIAL

28 April 2020 At: ACC/HO 011/63 Re: Management Discussion and Analysis for the Quarter of 1/2020 To: President The Stock Exchange of Thailand Following the Coronavirus 2019 (COVID-19) pandemic and