., Km. 39.5 Bangpoomai, Amphur Muang Samutprakarn, Samutprakarn 10280, Thailand Tel. 66 2323 1085..96 Fax. 66 2323 9283 (Translation) 20 February 2019 Subject: Management Discussion and Analysis (MD&A) of

., Km. 39.5 Bangpoomai, Amphur Muang Samutprakarn, Samutprakarn 10280, Thailand Tel. 66 2323 1085..96 Fax. 66 2323 9283 23 February 2018 Subject: Management Discussion and Analysis (MD&A) of the year 2017

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2017 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

8 บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Yearly Ending 31 December 2018 G Steel Public Company Limited Page 1/15 Management Discussion and

Error Average Maturity of Debt Instruments Fees to be charged to the fund (% of NAV per annum) Yield to Maturity Country Allocation Fee items Maximum charge Actual charge Management fee Total expenses

MDA_EN_ FY2019 Management Discussion and Analysis Fiscal year ended February 29, 2020 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the audited financial

คำอธิบายและการวิเคราะห์ฐานะการเงินและผลการดำเนินงาน * Note Please find further information in the consolidated financial statements. 1 February 21st, 2020 Subject: Management Discussion & Analysis

fund and private fund management fee from Solaris Asset Management Company Limited (“Solaris”) decreased.  The Company recognized share of loss from associated companies under equity method of Baht 5.02

V3 12/05/63 0 V3 12/05/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2020 The Thai economy in the first quarter of 2020

Management Discussion and Analysis Q3/2019 Financial Result Summary Q3/ 2019 Q3/19 Q3/18 Change +/(-) 9M/19 9M/18 Change +/(-) (in THB mm) YoY 9M Revenue from Sales and Services 57.4 54.3 6% 146.9