-Translation- Ref. WINNER 018/2020 May 14, 2020 Subject: Management Discussion and Analysis for the 3-month period ending 31 March 2020 To: The President The Stock Exchange of Thailand 1. Analysis of

R&B Food Supply Public Company Limited 15 May, 2020 Re Management Discussion and Analysis for the First Quarter ended March 31, 2020 Attn. The President The Stock Exchange of Thailand (SET) R&B Food

profit resulting from efficient return trip cost management. Making the company profitable, with the gross margin for the first nine months of 2020 equal to 15%, an increase from the same period last year

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

environment. The DLT  is a new technology that would resolve and diminish any obstacles in businesses, as well as increase the efficiency in mutual fund investment and management, which will be quicker and

Dusit Thani Manila resulting from increase in room inventory after the completion of hotel renovation while Dusit Thani Maldives benefited from higher ADR. • Hotel Management Revenue from Hotel Management

Ended March 31, 2020 For the three-month period Ended March 31, 2019 Increase / (Decrease) Percentage Sea Freight 127.24 175.14 (47.90) -27.35 Air Freight 301.45 162.73 138.72 85.25 Logistics Management

. As a result of the increase in total revenues of the above mentioned group companies and the effect of better management caused the CompanyEs cost-to-income ratio decreased from 99% to 87% and made the

สรุปผลการดำเนินงานของบจ -Translation- May 11, 2018 Subject: Management Discussion and Analysis for the Quarter 2/2018 To: Managing Director The Stock Exchange of Thailand Inoue Rubber (Thailand

of depreciation expense and improvement in cost efficiency management. 5. Finance cost was Baht 405.46 million, an increase of Baht 5.41 million or up by 1.35%, due to the new bond issued in the second