offering convertible bonds (US$ currency, SGX listed, 2% p.a. coupon) worth US$180mn to institutional investors. Management Discussion and Analysis FY2017 Consolidated Financial Results Page 2 of 6 • In

- Translation - Page 1 of 4 CBG 013/2020 8 May 2020 Subject Management discussions and analysis for the 3-month period ended 31 March 2020 To President The Stock Exchange of Thailand We, Carabao

on behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s) (please specify the name

securities held on behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s) (please specify

held on behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s) (please specify the

the securities held on behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s

other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s) (please specify the name(s)): Total 0 0

behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s) (please specify the name(s

in the securities held on behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other person(s

the changes in the securities held on behalf of other person(s) / Report under Management of Partnership Stakes and Shares of Ministers Act, B.E. 2543 (2000) V In the case of holding on behalf of other