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

ด้านตลาดทุน (Regulatory Guillotine) CG Thailand วิดีโอแนะนำการค้นหากฎหมาย/กฎเกณฑ์ Public Hearing รวมกฎเกณฑ์ที่เกี่ยวข้อง ค้นหากฎหมาย/ กฎเกณฑ์​ คู่มือ/แนวปฏิบัติ คู่มือประชาชน คำถามที่พบบ่อย (FAQ

Management Discussion and Analysis For six-month period ended June 30, 2020 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd., Silom, Bangrak, Bangkok 10500 Thailand Tel: 0

คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 10 November 2017 Re: To clarify the financial statements as of 30 September 2017 To: President The Stock Exchange of Thailand WHA Corporation Public Company

inbound tourism, especially from Chinese tourists as more direct flights from China to Thailand become available and partially helped by the visa fee discount and waiver incentives during the year. 3

the Electricity Generating Authority of Thailand (EGAT) to purchase crude palm oil continuously in the amount of 360,000 tons to be used as electricity which currently EGAT has bought 220,000 tons. The

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

fuel options by subsidizing B20 and B10 to be lower than B7 at 5 Baht/litre and 1 Baht/litre respectively. Additionally, the government has delegated the Electricity Generating Authority of Thailand

per share amounting to Baht 1,872,876,000 or 56% of the net profit of the company. The dividend yield is 2.14% per share, compared to the share price Baht 58.50 at the end of the year. The dividend

/ litre respectively from October 2019 onwards. In addition, the Electricity Generating Authority of Thailand ( EGAT) has been assigned to purchase crude palm oil to produce electricity continuously