Microsoft Word - MD฿A ประจำปี 2560_E 1 -1- Management Discussion and Analysis for the Year 2017 1. Operating Results (Company and Subsidiaries) Consolidated revenue for the twelve months of year 2017

. - Overall Revenue from sales was at THB 24,297 million, or -2.9% YoY, driven by Unicharm distribution agreement termination, and 33.7% dropped in OEM sales of glass bottles due to planned furnace repair in

share sale transaction for ordinary shares in a wholly owned subsidiary of SHR to Wai Eco World Developer Pte. Ltd (“WERW”) in accordance with Joint Venture Agreement to operate and develop a high-end

retail space. Moreover, the Company has still heightened hygiene measures to reduce the risk of spreading COVID-19 and boost confidence among customers and visitors. Performance Summary Consolidated

Management Discussion and Analysis for the Year 2019 1. Operating Results (Company and Subsidiaries) Consolidated revenue for year ended 2019 of both treatment of industrial waste business division

Public Company Limited (“the Company”) reported consolidated operating revenue of THB 144 million in Q2/2020 and of THB 363 million in 1H/2020, which decreased by 54% from Q2/2019 and 39% from 1H/2019

from the 14th March 2019 (the first day that GPSC has recognize GLOW’s performance in the consolidated financial statement) until the 30 th May 2019 according to the consolidated financial statement of

investment agreement, along with the purchase of IPO shares. Furthermore, the Natural Resources Business recorded a gain from foreign exchange forward contract at THB 82 million. Other Important Events in the

Events in 2018  January o Bangchak Retail Co,. Ltd. signed an agreement to give the master franchise license for Inthanin Coffee shops in Cambodia and Laos PDR. to RCG Retail Co., Ltd. (Cambodia); the

. Consolidated Statements and Other Financial Information 1. The registration statement must contain comparative consolidated financial statements that cover the latest two financial years (or such shorter period