, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and subsidiaries

and Administrative Expenses For the 6-month Period 5 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 FINANCIAL POSITION Assets As of June 30, 2020, total assets on consolidated basis amounted to THB

a consolidated net profit of THB 318 million and net loss of THB 1,048 million for the year 2017 and 2016, respectively. The Company (separate) reports a net loss of THB 1,006 million and THB 1,097

Discussion and Analysis (MD&A) for year 2017 (Revised) 11 Performance With reference to the aforementioned financial statements, the Company reports a consolidated net profit of THB 365 million and net loss of

statements, the Company reports a consolidated net profit of THB 53 million and net loss of THB 164 million for the 3rd quarter of 2017 and 2016, respectively. The Company (separate) reports a net loss of THB

management for the year 2017 To: President Stock Exchange of Thailand The Company would like to clarify the following reasons for changes to profit (loss) in the consolidated financial statements for the year

171 million Baht. The main reason is the effect from the gain of control in subsidiaries in the consolidated statements of comprehensive income for the year ended 31 December 2017 amounting to 7,113

and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 2 2. Operation performance according to consolidated financial statement Unit : Million Baht 2018 2017 Revenue from sale and rendering of

Stock Exchange of Thailand Attachment: Management Discussion and Analysis ended 30 June 2018 As the Golden Lime Public Company Limited (“the Company”) has submitted the Review report on the Consolidated