which, the Board of Directors of the Company is of the view that such change is not material and complies with the Notification No. SorChor.63/2561, and as such, the Company is in a position to effect

GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 1 of 15 Management Discussion & Analysis Summary of Consolidated Statements of Financial Position of GFPT Public

amount of THB 599.11 million, decreased by THB 81.09 million from 2017, mainly from dividend payment of THB 376.06 million. As at December 31, 2018, the Company and its subsidiaries’ cash position in cash

Multiplier (times) 1.46 1.43 1.40 GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 6 of 14 Financial position Asset For the consolidated financial position as of December

THB 979.51 million, decreased by THB 60.18 million from the same period last year. As at September 30, 2017, the Company and its subsidiaries’ cash position in cash and cash equivalents was THB 692.56

from the same period last year. As at June 30, 2020, the Company and its subsidiaries’ cash position in cash and cash equivalents was THB 1,864.27 million, increased by THB 350.01 million from the same

followings: - Operational risk associated with the Company or its group of companies. Identify and clarify what the management views as material risks on the business, operation, financial position, operating

by the issuing company (“Company”). Preparation and filing thereof should also take into consideration the guidelines, the manual or the disclosure checklist available on the SEC website. - 2 - SEC

Performance for the year ended December 31, 2018 Financial Position Total Assets The Company and its subsidiaries had total assets as at 31 December 2018 of THB 3,251.20 million, an increase of THB 112.66

Analysis of the Company’s Performance for the Nine Months Ended 30 September 2018 Financial Position Total Assets The Company and its subsidiaries had total assets as at 30 September 2018 of THB 2,939.45