tourism sector characterized by an increase in foreign inbound tourists, especially from China due to more available direct flights to Thailand and Europe due to the Easter holidays at the end of the period

consumption across the world, attributed to the COVID-19 outbreak. Furthermore, domestic demand for fuel consumption declined leading the refinery to lower its production level to an optimal levels, average

-Translation- Ref. WINNER 028/2020 November 12, 2020 Subject: Management Discussion and Analysis for the 3-month period and 9-month period ended 30 September 2020 To: The President The Stock Exchange

39,000 megawatts by 2026, which focus on power generation from coal-fired power plant. Additionally, the Philippines set target renewable energy generation of 26,000 megawatts by 2026, which supports the

dropped from the same period of last year. At the same time, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement. As evidenced, capital

increase of the Company’s registered capital with the amended number of shares set out in 2) above 4) Approved the amendment to the resolution of the Board of Directors’ meeting No. 10/2017 concerning the

objective in undertaking fund management business for short and long term. Objective should be set for the short-term plan and criteria/factor for evaluation of the accomplishment of the plan should be

strategic plan, policy and objective in undertaking fund management business for short and long term. Objective should be set for the short-term plan and criteria/factor for evaluation of the accomplishment

end of ICO period?   Comments: 6. Minimum threshold amount to be raised from each ICO An ICO issuer shall set a minimum threshold amount to be raised from each ICO or a soft cap. If the minimum

the Stock Exchange of Thailand (the “SET”) for the past seven but not more than 15 consecutive business days prior to the date on which the Board of Directors of the Company has resolved to propose the