Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2020 which has been unaudited but reviewed by the auditor this is caused by followings

-month period ended 30 September 2017 and 2016 were 17.87% and 17.00% respectively, equaling to an increase of 0.87%, which was mainly due to the increase in sale and the better cost management. Analysis

previous year. Expenses analysis Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 26.5 161.2 134.7 508.1% Administrative expense 235.3 306.3 71.0 30.2% Finance costs 616.9 418.9

1 - TRANSLATION - VS/PC (Q-Con) 032/2017 October 31st, 2017. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis the third quarter ended 30

12th May 2020 Subject: Management Discussion and Analysis for the three-month period ending 31st March 2020. Attention: President Stock Exchange of Thailand Please find below the additional

ที่บชง Page 1 of 4 Ref. Bor Chor Ngor 0280/2019 13 August 2019 Subject: Management Discussion and Analysis for the Second Quarter ended 30 June 2019 To President The Stock Exchange of Thailand

Integrated Reporting: A Cluster-Based Comparative Study of Thai-Listed Companies”Research Direction: “The Rise of Finfluencers: Mapping the Landscape of Thailand’s Capital Market”Research Presentation and

For Q2/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 815 million, increased by Baht 65 million or 9% from Q1/2017. The increase is due to not only

ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2017 3.1. Analysis of Q3 2017 and YTD 2017 results The key drivers of the Q3 2017 performance on the positive side were higher volumes which led to an 10.3% increase in

THB 5,158mn, an increase of 31.0% YoY    Net profit of THB 1,101mn, an increase of 30.1% YoY.  No. of Rabbit cards reached 11.0mn, an increase of 23.0% in 2018/19, exceeding the full-year target at