ended December 31, 2019 of Capital Engineering Network Public Company Limited “Company” and Subsidiary with loss of 929.80 Million Baht as 993.37 Million Baht increased when compared to same period of

page1 from 4 13 May 2020 Subject : Management Discussion and Analysis Quarter 1 Ending 31 Mar 2020 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited would like

Exchange of Thailand CAZ (Thailand) Public Company Limited (“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the second quarter ended 30 September 2019

33% EBITDA 83 103 24% 306 391 28% Net Profit (Loss) for the Company 36 47 31% 118 178 51% Gross Profit Margin (%) 62.9% 65.0% 2.1% 63.1% 64.8% 1.7% EBITDA Margin1 (%) 30.7% 32.1% 1.3% 32.1% 31.8% (0.3

due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

for operations. - Trade and other payables increased by Baht 94.18 million, because the Company order packages and raw materials for manufacturing to customer. - Liabilities under financial lease

89.13 million, because the Company order packages and raw materials for manufacturing to customer. - Liabilities under financial lease agreements decreased by Baht 164.44 million. The Company saw an

issued epidemic control measures for COVID 2019. The Company and its subsidiaries (“the Group” ) had fully cooperated to help reducing the spread of infection and coming first the consideration of customer

manage risks by diversifying product groups and product portfolio, customer groups, and also markets. For CMG business, the Company plans to diversify the business both in term of new product and new

Management Discussion and Analysis (MD&A) for Q1/2019 Page 1/6 Jaymart Public Company Limited IR62/ 006 10 May 2019 Re: Management Discussion and Analysis (MD&A) for Q1/2019 ended 31 March 2019 To