November 13, 2019 Re : Management Discussion and Analysis for Q3/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

.       Remark:* Claims for payment of debt in cash that generate revenue streams, or claims that will arise in the future for payment of debt in cash that generate revenue streams. ** The instruments must be

180.1 million, decreased by THB 24.0 million or 11.8% from the prior period and also decreased by THB 59.3 million or 24.8% from the same period of prior year. It mainly decreased from revenue from

marketing communications business to government and private sectors in this quarter such as concert stage equipment rental, revenue recognition of the 2020 in Dubai, United Arab Emirates World Expo that

August 7, 2019 Re : Management Discussion and Analysis for Q2/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

statement (MB) Quarter 1 2019 2018 YOY % Total Sales and Services revenue 1,164.83 1,045.39 119.44 11.43% Raw water revenue 695.87 592.74 103.13 17.40% Tap water revenue 366.63 353.51 13.13 3.71% Rental and

affected to the slowdown of Thailand economic activities at almost of every sector both for consume and investment of the private sector as well as the high shrinkage of the production from industrial sector

YOY 9M/2020 9M/2019 YOY Service revenue 905.64 590.71 53.31% 2,588.84 1,609.44 60.85% Gross profit 164.54 98.70 66.71% 433.60 252.42 71.78% Other income 10.75 - 100.00% 17.57 9.84 78.56% Expenses of

in Q3/2020 was 62.6% decreased by 2.1% from Q3/2019 and 60.6% in 9M/2020 decreased by 4.4% from 9M/2019. • The decrease in gross profit margin was mainly due to the reduction in total revenue from

protect and minimize effect on revenue. For mobile business, we are expecting mobile revenue to rebound in 2H20, but still decline YoY from weak private consumption and pricing pressure. To grow with