Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of

Power Synergy Public Company Limited (GPSC) (‘company’) has finished the financial activities in accordance with the company's financial deleveraging plan from the offering of newly issued ordinary shares

months of 2017, Net profit attributable to the Equity of the Company amounted to Bt808.6 million, declined by Bt70.5 million or 8.0% from the same period of last year with had a Net profit of Bt879.1

Thailand We, 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

Osotspa Public Company Limited Q3’19 and 9M’19 Management Discussion & Analysis 13 November 2019 Q3’19 and 9M’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Overall Q3’19 Net

by debt repayment. Currently, net interest-bearing debt to equity ratio was 0.98x compared to that of last year at 0.48x. In the first half of 2020, the Company spent THB 1,170mn on capital

company was at Baht 5,402 million, increased by Baht 3,273 million or 154% from Q1/2019, and increased Baht 3,771 million or 231% from Q2/2018. this is mainly due to the immediate recognition of GLOW’s

strategy that the company has employed. 2. Net Marketing Margin decreased from the same period of last year, both in the retail and industrial market. The retail margin was affected by the significantly and

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

on the SEC website. No. Firm Name CPA Reg No. Period of Approval 1 A&A OFFICE COMPANY LIMITED NO.246 TIMES SQUARE BUILDING, 21ST FLOOR, ROOM NO. 21-01 SUKHUMVIT, ROAD 12-14, KHLONG TOEI, BANGKOK 10110