คำอธิบายและการวิเคราะห์ของฝ่ายจัดการ 9 November 2018 Re: To clarify the financial statements as of 30 September 2018 To: President The Stock Exchange of Thailand WHA Corporation Public Company

- Translation - Page 1 of 6 CBG 044/2018 9 November 2018 Subject Management discussions and analysis for the 3-month and 9-month period ending 30 September 2018 To President The Stock Exchange of

-Translation- Ref. WINNER 028/2020 November 12, 2020 Subject: Management Discussion and Analysis for the 3-month period and 9-month period ended 30 September 2020 To: The President The Stock Exchange

amongst the companies with the honor of Thailand Sustainability Investment 2017 by the Stock Exchange of Thailand, having demonstrated outstanding achievements in sustainable business operations with utmost

investment are main supports. The inflation rate in the first quarter of 2018 increased parallel with the domestic oil price at 0.42 percent in February and 0.79 percent in March. Moreover, there is an

2018 continued to grow from the previous quarter, corresponding with the world economy. The expanding of the exporting industry, tourism industry, and government investment are main supports. The

Disposal of Assets To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Acquisition and disposal of Assets Board of Directors Meeting of E for L Aim Public Company

Disposal of Assets (Additional) To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Acquisition and disposal of Assets Board of Directors Meeting of E for L Aim Public

Utilities Plant increased after the main customers resumed normal operation from the scheduled maintenance in Q2/2017 even though Sriracha Power Plant had lower dispatch volume to Electricity Generating

received the Top Innovative Organization Award 2018, which was arranged by National Innovation Agency (Public Organization), The Stock Exchange of Thailand (SET), Market for Alternative Investment (MAI) and