) 29% Non-operating other income (and expenses) 136 64 75 17% (45%) 332 139 (58%) Shares of profit of associates and joint ventures 110 152 155 2% 41% 221 306 38% Income tax expenses (63) (90) (112) 24

3344 Fax. 66 2 654 3323 No. PACE IR2018/015 Date: 14 August 2018 Subject: Explanation of the Operating Results for the second quarter of the year 2018 ended 30 June 2018 changing over 20% To: The

Suwanyos by 122,266,665 shares and from Mr. Tanapoom Panyaprukchot by 8,500,000 shares (“Seller Group”). The Seller Group has no relationship with management, directors, major shareholders, and controller of

shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A

would like to explain and analyze the operating results that have changed for Quarter 3 Ending 30 November 2019 with the following details: Unit : million baht Statement of financial position for the 3

Singapore, had sold its shares in Jackspeed Corporation Limited, a listed company in the Singapore Stock Exchange Securities Trading Limited to Mr. Yip Tai Him at value of SGD 4,315,079.11 or equivalent to

(Translation) th August, Ref: SET-- Re: Management's Discussion and Analysis and Operating Results for Quarter / Dear: The President The Stock Exchange of Thailand Filter Vision Public Company

Inter Company Limited ("S Hotels") (a subsidiary of the Company having 99.99 percent of total issued and fully paid-up shares held by the Company) and/or other subsidiaries in which the Company directly

Company Limited (“NU”) (a subsidiary of the Company holding the license and operating the Nation University business), i.e., disposing ordinary shares of NU of 30,599,999 shares, equivalent to 90 percent of

. Karnchang held 4,582,121,829 shares in the Company, representing 29.98 percent of the registered capital. (Translation) 2 2. General Descriptions and Details of the Connected Transaction The Company was