Limited Ref: IR61/012 14 May 2018 Subject: Management Discussion and Analysis Quarter 1/2018 Ending 31 Mar 2018 To: President The Stock Exchange of Thailand Overview and factors affecting the future

Limited Ref: IR61/012 11 May 2018 Subject: Management Discussion and Analysis Quarter 1/2018 Ending 31 Mar 2018 To: President The Stock Exchange of Thailand Overview and factors affecting the future

provision in the first quarter of 2020 with probable forward looking risk factors due to COVID-19 situation. For the fourth quarter of 2020, the Company had consolidated operating income of 1,491 million baht

the previous quarter. The main supporting factors were the return-to-expansion of export goods, private investment as well as a continual expansion of government expenditure. Meanwhile, the new wave of

million or 61.27% from the same period of last year, as summarized below;  For 1st quarter of 2022, the revenue from Biodiesel business decrease by Baht 96.11 million, or 7.10%, the main factors are the

the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the

Looking Year 2018 was a challenging year for the Company’s business operation. The Company's operating performance did not meet the target due to impacts both from external and internal factors. The

development of the waste disposal for approximately 15 days at Map Ta Phut facility and the change in the waste treatment procedures at Samaedam facility. These two factors directly affect the delay in some of

real estate developers. MK had several housing projects close to closing and prices were discounted to buyers. All of the factors that mentioned in the above caused MK’s gross profit margin in this

million or 5% due to factors as summarized below ; Total Assets As at 30 June 2017, total assets was Baht 2,558 million, increased by Baht 129 million from the ended 31 December 2016 mainly due to cash and