(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

. 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

whether or not the HRC price at that time was significantly increase or decrease. Management’s Discussion and Analysis (MD&A) For Q3/2017 5 Executive Summary In the third quarter of 2017, the company has

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

) per share at a price of not more than PHP 18.181818 or equivalent to THB 12.65 per share with the total value not more than PHP 895,637,700 or equivalent to THB 623,095,147.89, based on the CCPH’s and

Summary 3 Operating Performance 4 Market Overview by Business 6 ▪ Market Overview of Methyl Ester Business 6 ▪ Market Overview of Fatty Alcohols Business 8 Operating Performance by Business Unit 10 ▪ Methyl

Bank) 1,463 1,108 32.0 1,484 (1.4) Total Comprehensive income (attributable to equity holders of the Bank) 1,531 1,530 0.1 799 91.7 Basic earnings per share (Baht) 1.73 1.31 32.1 1.75 (1.1) Summary of

means of subscription of newly issued shares of Hero Experience and acquisition of shares from the existing shareholder (the “Share Acquisition Transaction”. Details of the Share Acquisition Transaction

ordinary shares on the Stock Exchange Of Thailand (the “SET”) (“Spin-Off Plan”) will take place after 1) EP has obtained the approval for offering newly issued share from the Office of the Securities and

Company Limited, a wholly-owned subsidiary Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Page 2 Executive Summary Unit : Million baht 2020 2019 2020 2019