-60.9% Profit before expenses 154.5 56.8% 249.3 62.3% 94.8 61.4% Administrative expenses 46.6 17.1% 62.2 15.5% 15.6 33.5% Total Expenses 46.6 17.1% 62.2 15.5% 15.6 33.5% Operating Profit 107.9 39.7% 187.1

. The details are as follows; Operating Performance 1. Revenues Units: Million Information of the 3rd Quarter Consolidated Separate 3 months Change 3 months Change 2018 2017 Amount Percentage 2018 2017

1/3 L-WAVE ENT 34/2020 7 August 2020 Subject : Management’s Discussion and Analysis for the six-month period ending 30 June 2020 operating results that varied more than 20% compared to the same

Analysis of the Company’s Performance for the year ended December 31, 2019 Baht Million 2018 2019 +/(-) +/(-) % Total revenues 1,422.61 1,710.75 288.14 20.25% EBIT 354.24 412.93 58.69 16.57% Finance cost

21.54% from the same period of previous year. The total revenue of each operating segments for the nine-month period ended 30 September 2019 of the Company and its subsidiaries had changed from the

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 year ended 31 December 2019, which

assets used in WOG ITR’s business operations to WOG Technologies (Thailand) Company Limited (“WOG THAI”) at a total price of Baht 223 million (VAT included) divided by 3 installments as follows.  1st

ratio2 stood at 1.11 times as of 30 June 2018 Operating result 2Q18 Revenue The Company and its subsidiaries (“the Company”) reported a total revenue of THB 831.1mn in 2Q18. This represented a decreased of

) -0.09 -0.23 Gross Margin 4.53% -6.63% Net Profit Margin -15.27% -25.30% Debt to Equity Ratio (Time) 13.51 6.92 Total Expenses The 3-month Operating Result as ended 30 September 2017 General Information

หน้าที 1 จาก 5 GEL.CS.019/2560 15 August 2017 Subject Explanation and analysis of management for operating results of the Second Quarter Ended June 30, 2017 To Director and Manager The Stock Exchange