Management Discussion and Analysis (MD&A) Padaeng Industry Public Company Limited and its subsidiaries For the year ended December 31, 2019 1 | Padaeng Industry Public Company Limited and its

from sale decreased 9.97 percent from consolidated whereas the main revenue generated from furniture as the core business decreased 9.44 from the previous year as well. That caused from the management

Ref. PDI/BK-BS-036/2019 10th May 2019 Re: Management Discussion and Analysis (MD&A) For the three-month period ended March 31, 2019 To: President The Stock Exchange of Thailand PDI reassessed its

par value of preferred shares is 10 Indian Rupees per share 2.3. The management of the Company has appraised the share price of the Joint Venture Company by using the Discounted Cash Flow method (DCF

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis

No. CAZ 007/2019 15 May 2019 Subject: Management Discussion and Analysis 1st Quarter ended 31 March 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company Limited

29_MDA Q3_62 EN -Translation- No. ECF2 041/2019 November 14, 2019 Subject: Management Discussion and Analysis of the 3rd quarter ended September 30, 2019 To President The Stock Exchange of Thailand

follows: Total revenue was THB 4,438.11 million, a decrease of THB 108.7 million or 2.39%. The main businesses of the Company and its subsidiaries were as follows: Operating results : 9 months 2019 2018

381.41 Million Baht vary from decline in sales volume including management of raw materials, stock and price of raw materials which are main factors of cost of sales as appropriately and concisely  Cost

page 1/6 (TRANSLATION) Ref. WINNER 0004/2019 February 26, 2019 Re Management Discussion and Analysis (MD&A) for the year 2018 and for the year 2017 To The President The Stock Exchange of Thailand 1