together with result of stock valuation report from Company’s Financial Advisor, such reports are expected benefits to the Company. The Board of Directors also deems that the entry into the Transaction by

dropped from previous quarter resulting to stock loss during 2Q2020. As a result, the Company had a Stock Loss & NRV of THB 374 million, recorded EBITDA of THB -120 million, down 236% compared to 2Q2019

(Translation) NEP-AC 003/2563 13 Aug 2020 Subject: Management Discussion and Analysis for Q2 end of 30 June 2020 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

a change in the par value of the company's shares As a result of stock consolidation or stock split 2. When the company offers to sell any newly issued shares At a price that is lower than 90 percent

Attn : The Directors and The MAI Manager Ref: Dimet AC 0817/1 August 30, 2017 Attention: The Directors and The MAI Manager The Stock Exchange of Thailand Subject: Year End result and clarification of

Translation November 10, 2017 Subject: Management explanation and analysis for Quarter ended 30 September 2017 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public Company

หน้า 1 จาก 1 Translation May 10, 2019 Subject: Management explanation and analysis for Quarter ended 31 March 2019 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public

Translation August 9, 2017 Subject: Management explanation and analysis for Quarter ended 30 June 2017 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public Company Limited

August 11,2010 May 11, 2017 Re : Clarification on percentage of change more than 20% in Q1/2017 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales The Company's revenue

หน้า 1 จาก 1 Translation February 19, 2020 Subject: Management explanation and analysis for Year ended 31 December 2019 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public