Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: Q4’19 and FY2019 26 February 2020 FY2019 Management Discussion & Analysis Page 5/6 Cash Flows As of 31 December 2019, the Company had

cash flows from investments decreased from THB -121.2 Mn in the year ending 31 December 2018to THB -296.9 Mn in the same period of 2019, a decrease of THB -175.6 Mn. This was mainly due to higher

31, 2016. Liquidity Cash Flow Activities For the six-month period ended June 30, 2017, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 1,621 million

at 30th Sept 2017 and 31st March 2017 were 0.41 and 0.41 times respectively. 7 (Unit: Baht million) Consolidated cash flows statement As at 30th Sept 2017 As at 30th Sept 2016 Net cash from (used in

at 31st Dec 2017 and 31st March 2017 were 0.33 and 0.41 times respectively. 7 (Unit: Baht million) Consolidated cash flows statement As at 31st Dec 2017 As at 31st Dec 2016 Net cash from (used in

Flow For the year 2017, the Company has increasing in net cash and cash equivalents totaling Baht 79.98 million when compare with previous year. The details of cash flows each activities as follows

For the year 2018, the Company has decreasing in net cash and cash equivalents totaling Baht 137.87 million when compare with previous year. The details of cash flows each activities as follows

. Liquidity Cash Flow Activities For the three- month period ended March 31, 2019, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 304.79 million, decreased

from THB 10.15 per share as at December 31, 2018. Liquidity Cash Flow Activities For the six- month period ended June 30, 2019, the Company and its subsidiaries generated cash flows from operating

flows statement As at 30th Jun 2019 As at 30th Jun 2018 Net cash from (used in) operating activities 41.70 -26.92 Net cash used in investing activities -6.38 3.11 Net cash from (used in) financing