Management Discussion and Analysis For the fourth quarter and year ended December 31, 2019 Bangkok Commercial Asset Management Public Company Limited 99 Surasak Rd, Silom, Bangrak, Bangkok 10500

Company continues to seek overseas growth opportunities to diversify its revenue base away from domestic reliance and drive long-term growth. In Q3/2024, the Company plans to open its first branch in the

Profit 223 280 26% 583 756 30% EBITDA 111 148 33% 288 396 38% Net Profit (Loss) for the Company 54 83 54% 131 210 60% Gross Profit Margin (%) 66.0% 65.4% (0.6%) 64.8% 66.1% 1.3% EBITDA Margin1 (%) 32.6

No. 2/2018 of Bangkok Dec-con Public Company Limited (the “Company” or “BKD”), which was convened on Feburary 22, 2018 resolved to approve the acquisition of the Project, Production and distribution of

continued to have presence as strong brands in the market. Implemented company-wide cost optimization With low growth market, AIS has been focusing on optimizing and digitizing the core operation including

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2020 of the Company and the subsidiaries

1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 080/2019 4 December 2019 Subject: Notification of the Resolution of the Board of Director’s Meeting regarding of the

person(s) entrusted by the Board of Directors and the determination will base on the position, role and responsibilities, year of working with the Company and/or its subsidiaries, experience, and

(THIS REPORT DISCUSSES PRINCIPAL CHANGES IN THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED 31 DECEMBER

(THIS REPORT DISCUSSES PRINCIPAL CHANGES IN THE AUDITED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED 31 DECEMBER