1 --Translation-- Sor Gor 113/2017 November 9, 2017 Subject: Management Discussion and Analysis for the third quarter ended September 30, 2017 (Reviewed) To: The President The Stock Exchange of

to SPRIME. Performance Summary Consolidated Statement of Comprehensive Income Note: 1 Excluded unrealized gain from foreign exchange rate on convertible bond, gain from fair value adjustment on

activity, thus dampening Thai economic growth during the second half of the year. Other challenges included volatile foreign exchange movement and international capital flows as well as the rapid evolution

latter decreased in production due to the adjustment stock management to suitable with the decrease in HRC market price worldwide. - Gain on exchange rate was achieved of THB 193 million in Q2-2017, which

percent, 14.47 percent, and 14.01 percent, respectively. Within the entire commercial banking system, 19 domestically-registered commercial banks and 11 foreign bank branches hold market shares in assets

debt instruments (surveillance report – on a monthly basis)) ✓ ✓ 1. Database of SET Smart (the summary of trading and important statistics on debt instruments and bonds from the Stock Exchange) 3

attributed to financial advisory fees regarding funding activities. However, Selling, General and Administrative expense decreased from the previous quarter. The business also recorded a loss from Foreign

paid up; “Stock Exchange” means the Stock Exchange of Thailand; “related person” means the related person under the Notification of the Capital Market Supervisory Board concerning the Related Party

.  Foreign Exchange Regulations The Bank of Thailand issued Notice of the Competent Officer on Rules and Practices regarding the Undertaking of Authorized Money Changers (No. 6), and Notice of the Competent

consecutive years. However, the company’s securities has selected in the SET High Dividend 30 Index or SETHD from the Stock Exchange of Thailand which the price index reference 30 shares group in the SET100