-Translation- Ref. WINNER 018/2020 May 14, 2020 Subject: Management Discussion and Analysis for the 3-month period ending 31 March 2020 To: The President The Stock Exchange of Thailand 1. Analysis of

) million, due to the group gaining profit from exchange rate in 2017 from the imported solar cells for the solar energy business, but no gain in 2018. Selling and administration expenses Selling expenses

MDA Q2_2017 (Eng.) August 10, 2017 Subject : Interim Management Discussion and Analysis of Q2/2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

: President The Stock Exchange of Thailand CH. Karnchang Public Company Limited (“the Company”) and its subsidiaries would like to clarify the consolidated operating result and financial position for the six

MDA Q3_2017 (Eng.) November 8, 2017 Subject : Interim Management Discussion and Analysis of Q3/2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

MDA 2017 (Eng.) February 20, 2018 Subject : Yearly Management Discussion and Analysis of 2017 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the year 2017. The MD&A would enable the investors to better

MD&A Q1_2019 (Eng ) May 2, 2019 Subject : Interim Management Discussion and Analysis of Q1/2019 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

MDA Q2_2019 (Eng ) August 9, 2019 Subject : Interim Management Discussion and Analysis of Q2/2019 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

1 Translation CEN 031-2018 August 14, 2018 Subject : Management Discussion and Analysis for business operation of Quarter 2-2018 To : The Manager and President The Stock Exchange of Thailand Business