- 1 - AIT (VP-SEC) 005E/2019 February 13, 2020 Subject: Management's Discussion and Analysis of Operating Results for the year 2019 and Q4-2019 To: The President of the Stock Exchange of Thailand

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

9,617mn, an increase of THB 1,632mn or 20.4% from THB 7,985mn as of 31 March 2017. Total current assets were THB 3,705mn, increasing by 41.8% or THB 1,093mn, primarily due to 1) an increase in cash & cash

insignificant alteration in total electricity sales. The solar power plant projects in Thailand has current PPA capacity at 138.9 MW, an increase from Q1/2018 after the commercial operation commencement of the

was impacted from increase in methyl ester supply in Thailand which pressured to the profitability of methyl ester, Stock Loss & NRV due to dropped in crude palm oil price, and the declining of

-7% Inventories 989 1,044 -5% Other current assets 177 180 -1% Total current assets 2,029 2,106 -4% Property, plant and equipment 2,183 2,071 +5% Goodwill 243 - - Investments in joint venture 53 53 -1

affected by the current situation. The remedy measurement has been considered by mall traffic, impacted business type and sales performance. Presently, most of all tenants re-operated their business which

February 18, 2019 To: The President The Stock Exchange of Thailand Re: 2018 operating results We, Delta Electronics (Thailand) Public Company Ltd, would like to notify the Company’s 2018 operating

Revenues fro purchased ac nterest incom Total Revenu Cost of servic Gross Profit Discussion and /009 Manag Presid Stock to JMT Ne to certify th es for the s any’s audito of Performa rmance of t olidated fina

the Stock Exchange of Thailand Attachment: Management Discussion and Analysis ended 31 December 2017 As the Golden Lime Public Company Limited (“the Company”) has submitted the Auditor’s report on the