-1- AIT (VP-SEC) 033E/2020 November 10, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q3–2020 To: The President of The Stock Exchange of Thailand Summary of Operations

loan to subsidiary of THB 265 million. The loss for the period of YE 2018 is THB 621 million decreasing by 51% from last year (YE2017: 1,261 million). 2. Financial Performance Summary – by business

subsidiaries (Hereinafter called “ The Group” ) would like to submit Management’s discussion and analysis for the Quarter 1’ 2019 with the summary as follows:- 1. Nature of operations of the Group The Group has

Filter Vision Public Company Limited and its subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the Quarter 1’ 2018 with the summary as follows:- 1

subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the year 2019 with the summary as follows: - 1. Nature of operations of the Group The Group has

called “The Group”) would like to submit Management’s discussion and analysis for the Quarter ’ with the summary as follows: - 1. Nature of operations of the Group The Group has principally engaged in

(Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for Quarter 1’ 2020 with the summary as follows: - 1. Nature of operations of the Group The Group has principally

shares from the existing shareholder (the “Share Acquisition Transaction”). Details of the Share Acquisition Transaction are as follows: 1. Subscription of 805,264 newly issued ordinary shares of Hero

Share Acquisition”). After the acquisition, the percentage shareholding of VGM in PBSB shall increase from 25 percent to 65 percent of PBSB’s total share. VGM expects the PBSB Share Acquisition to be

. Executive Summary 2. AMC Industry Outlook and Overview 3. Regulatory Considerations 4. Management Discussion and Analysis 5. Key Financial Ratios 6. Forward looking IMPORTANT DISCLIAMER The information