, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited ( “ the Company” ) would like

Baht *Based on the Internal Management Account of Gulf WHA MT as of 31 August 2017, which is not reviewed or audited by an auditor. **This amount has not included the loan to be acquired by the Company

= Translation = Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended September 30 , 2017 (Unit : Million Baht) 2017 2016 Inc./(Dec

revenue from the property management and cleaning services which was in line with the increase of successful ownership transfers from 6 completed developments and including additional incomes from (sold

revenue from sales) due to the management of the administrative expenses including the restructuring costs for preparation of the starting factory operation at Rojana. Net Profit The Company’s third quarter

- Translation - Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2017 (Unit : M ill ion Baht) 2017 2016 Inc./(Dec

No. CAZ 007/2019 15 May 2019 Subject: Management Discussion and Analysis 1st Quarter ended 31 March 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company Limited

- Translation - Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2018 (Unit : M ill ion Baht) 2018 2017 Inc. / (Dec

- Translation – Ref. EIC-AD035/2018 November 13, 2018 Subject Management Discussion and Analysis for the Six-Month Period Performance Ending September 30, 2018 To President The Stock Exchange of Thailand The

SAAM Energy Development Public Company Limited - 1 - 4 January 2019 Subject: Management Discussion and Analysis for the 9-month ended 30 September 2018 To: The President of the Stock Exchange of