manage production of the Company, the Company can generate cash margin by Baht 1,223 per ton for the 3rd quarter in 2017. Management’s Discussion and Analysis (MD&A) For Q3/2017 2 In this quarter, the

and process of legal execution are as follows; 1. Cases in the process of court trial: 1 . 1 Media Agency Thai Co., Ltd. is in debt to the Company according to the purchase agreement to manage

contracts relating to the leasing out of the whole or substantial part of the Company’s businesses, the assignment to any other persons to manage the Company’s businesses, or the consolidation of such

C. The execution, amendment or termination of contracts relating to the leasing out of the whole or substantial part of the Company’s businesses, the assignment to any other persons to manage the

measures to appropriately monitor, control, and manage each type of risks to ensure that these risks can be handled; (3) sufficient funding, appropriate systems and rules for membership and supervision of

Brunei and Qatar, trading of new product in the market such as MTBE, additional revenue from logistics management and freight trading, furthermore the fostering of strong ties with trade partners and

capital increase in joint ventures proportionately. 4. Decrease in short-term investments of THB 438.9 mm, which was mainly from the Company divested some investment units to manage the liquidity 5

performance recovery by strict cost control and cost reduction and ramping up asset utilization to manage fixed costs. In Q3/2019, we have recognized apparent expenses decrease. This contribution leveraged our

equipment. In 2Q17, CPN was able to manage operating costs to continue growing at a considerably slower pace than the growth of revenues. Revenues from rent and services and revenues from hotel operations

and the overall cost control measures are well implemented so that to serve as a tailwind factor to our ability to effectively manage SG&A expenses. 4 Financial expenses Our financial expenses in Q2