management discussion and analysis for the 2nd quarter of 2020 and 6-month period ended 30 June 2020, as follows: The Group’s Operation under the Epidemic Situation of Coronavirus 2019 Due to the global

1Q20 to revisit the business plans as well as organizational transformation to drive additional efficiency in order to achieve long-term sustainable cost savings. The implementation of cost control

market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a

demand continues to rise, AIS aiming to strengthen our leadership position in delivering the best mobile data network decided to bid for an additional 1800MHz spectrum, resulting in AIS having the largest

1,240.35 (112.24) (9.05%) 2. ECONOMIC SITUATION Thailand economic situation in Q2/2020 in Central and Eastern regions contracted compared to the same period of 2019 due to the COVID-19 pandemic, which are

-on-y to 2,355 GWh, primarily due to the inclusions of ABPR3, ABPR4 and ABPR5 which commenced commercial operation in 2018 and additional contributions from SPP1 acquisition in March 2019. • The tariff

synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price situation. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols were tight which were impacted by the

3Q2017, as a result of a drop in sale volume 13% because there was additional sale volume in 3Q2017 due to the government had asked fuel traders to keep more stock, while in 3Q2018 a fuel trader brought

Huntsman assets. 1Consolidated financials are based upon elimination of intra-company or intra-business segment) transactions 2Total of each segment may not always tally with consolidated financials due to

Ref. No. 1802/008EN February 20, 2018 Subject Management Discussion and Analysis for the year 2017 (Ending December 31, 2017) (Additional) To Director and Manager of the Stock Exchange of Thailand