P a g e 1 | 8 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets

May 15, 2019 Subject : Management Discussion and Analysis for quarter ended March 31, 2019 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated

May 15, 2020 Subject : Management Discussion and Analysis for 1st quarter ended March 31, 2020 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1 Revenues Consolidated

: 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 year

. Pranay Kothari, an Executive Director and representative of juristic person of PCL, and Mr. Manish Gupta, Chief Financial Officer of PCL, know the information on PTL’s performance in the consolidated and

(Asia) Pte. Ltd. (“PAPL”) and Polyplex (Thailand) Public Company Limited (“PTL”), and Mr. Manish Gupta, Chief Financial Officer of PCL, know the information on PTL’s performance in the consolidated and

(Thailand) Public Company Limited (“PTL”), and Mr. Pranay Kothari, an Executive Director and representative of juristic person of PCL, know the information on PTL’s performance in the consolidated and

Polyplex (Asia) Pte. Ltd. Polyplex (Asia) Pte. Ltd. (“PAPL”) knows the information on Polyplex (Thailand) Public Company Limited (“PTL”)’s performance in the consolidated and standalone financial

Mrs. Supritha Pai Kasturi Mrs. Supritha Pai Kasturi, Senior Manager - Finance & Accounts of Polyplex (Thailand) Public Company Limited (“PTL”), knows the information on PTL’s performance in the

ended March 31, 2019 To The President and Director The Stock Exchange of Thailand Dear Sirs, Finansia Syrus Securities Public Company would like to disclose the reviewed separated and consolidated