Mr. Mana Sethaputra Mr. Mana Sethaputra, former managing director of Agro Industrial Machinery Plc. (AMAC) (Presently Max Metal Corporation Plc. (MAX)), together with Mr. Suthisak Lohsawat, Miss

Miss Wacharee Unnoppetchara Miss Wacharee Unnoppetchara, former director and purchasing manager of Agro Industrial Machinery Plc. (AMAC) (Presently Max Metal Corporation Plc. (MAX)), together with

Mrs. Penny Tossacharoonkiat Mrs. Penny Tossacharoonkiat, former account & finance manager of Agro Industrial Machinery Plc. (AMAC) (Presently Max Metal Corporation Plc. (MAX)), together with Mr

Mr. Nipon Phoophagaphanphong Mr. Nipon Phoophagaphanphong, former purchasing manager of Agro Industrial Machinery Plc. (AMAC) (Presently Max Metal Corporation Plc. (MAX)), together with Mr. Suthisak

Mr. Piyawat Makcharoen Mr. Piyawat Makcharoen, former factory manager of Agro Industrial Machinery Plc. (AMAC) (Presently Max Metal Corporation Plc. (MAX)), together with Mr. Suthisak Lohsawat, Mr

Miss Paphawin Pinwatthana Miss Paphawin Pinwatthana, personal secretary to Mr. Suthisak Lohsawat, former director and chief executive officer of Agro Industrial Machinery Plc. (AMAC) (Presently Max

Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects

Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

the interim financial information, the Company has reviewed and changed the estimated useful lives of buildings, machinery and equipment in accordance with their conditions and the proper estimation of

the previous year, mainly due to the sharp lower of purchasing power in most industries, as well as the strong competition in the stainless steel pipe, aluminum and copper. This caused the decreasing in