http://www.goldenlime.co.th/ mailto:glmis@goldenlime.co.th Golden Lime Public Company Limited Management Discussion and Analysis For the period ended 30 June 2017 1 SUTHA 1. Overall Operating Results In

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

remains sluggish, resulting in the contraction of advertising expenditures by 11.4% YoY to 26,351mn in the third quarter of 2017. Overall advertising spending was weighed down by TV sector (Analogue TV

Price (Bht./ton) 18,690 16,163 HRC Cash Margin (Bht./Ton) 1,700 1,586 Unit: million Baht 31 December 2017 31 December 2016 Fin an cia l St at us Total Liabilities 5,492 5,871 Total Asset 19,546 17,813

733 HRC Average Selling Price (Bht./ton) 18,690 16,163 HRC Cash Margin (Bht./Ton) 1,700 1,586 Unit: million Baht 31 December 2017 31 December 2016 Fin an cia l St at us Total Liabilities 5,492 5,871

period ended 30 September 2021 which was reviewed by the auditor. The Company’s overall performance can be summarized as follows: Performance Unit: THB Million 3Q2020 3Q2021 Inc./ (Dec.) % Inc./ (Dec

2022 which was audited by the auditor. The Company’s overall performance can be summarized as follows: Performance Unit: THB Million 2021 2022 Inc.(Dec.) % Inc.(Dec.) Services income 515.00 331.18

ended 30 June 2024 which was reviewed by the auditor. The Company’s overall performance can be summarized as follows: Performance Unit: THB Million 2Q2023 2Q2024 Inc.(Dec.) % Inc.(Dec.) 6M2023 6M2024 Inc

period ended 30 September 2024 which was reviewed by the auditor. The Company’s overall performance can be summarized as follows: Financial Performance Unit: THB Million 3Q2023 3Q2024 Inc.(Dec.) % Inc.(Dec

products increasing the overall market size and providing significant total cost savings to our customers. Sales volume and revenue was also impacted by the highly competitive domestic market, as export