หน้า 1 จาก 4 February 27, 2020 Subject Management Discussion and Analysis for the year 2019 ending December 31,2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company

management believes that the reduce cost to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht 30 June 2017 31 December 2016 Increase (decrease) % Variance Current

-9.9 -24.7% Share of profit from investment in associates 126.8 174.8 -48.0 -27.5% Net Profit 999.3 903.2 96.1 10.6% Million Baht Increase (Decrease) The operating result of the Company for FY 2019/2020

Management and Discussion Analysis FS2017 Page 1/7 Jaymart Public

, employee and management benefits, office rental, travel expenses, and professional fees. The increase in administrative expenses is mainly due to increase in allowance for impairment of power plant under

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 003/2018/EN 26 January 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the year ended 31 December 2017 To: The President of

0.4% increase compared to 2016, fee and service income came mainly from mutual fund management fees, registrar and custodian fees and private fund management fees from ONE Asset Management Limited (The

expenses. As a result the operation in the first half of , increase as significantly. These successes are the result from management policies and key expenses in , to prepare us for market expansion and

26 February 2019 Subject: Management Discussion and Analysis for the Year Ended December 31, 2018 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public Company Limited

14 November 2018 Subject: Management Discussion and Analysis for the Nine-Month Period Ended September 30, 2018 To: Directors and Managers The Stock Exchange of Thailand Halcyon Technology Public