1 Ref: AC.042/2017 14 November 2017 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

to lower contribution from GHECO-One. Other Income 2018 2019 Increase/ (Decrease) THB mm THB mm % Dividend and Management income 399.6 540.7 35.3% Others 309.0 436.4 41.2% Total other income 708.6

tonnage serviced reduced by 27 per cent comparing to the 2nd quarter last year. The three companies implemented cost saving measurements e.g. personnel management to resize the company in order to suit the

1 (Translation) MD. 108/2017 Aug 7, 2017 Re: Management Discussion and Analysis For the Operating Results ended June, 2017 To: President The Stock Exchange of Thailand Management Discussion and

1 (Translation) MD. 182 /2017 Nov 8 , 2017 Re: Management Discussion and Analysis For the Operating Results ended September, 2017 To: President The Stock Exchange of Thailand Management Discussion

Management, a spare gear of similar specification was identified and procured from a foreign Company, which resulted in saving of 12 months of impaired operations. Similarly, actions were also underway for

management of the financial structure, resulting in the increase of the liquidity of the Company, accommodating the need for the cash flow of the Company by its demand. 4. Description of Asset to be disposed

Microsoft Word - ACE MDA Q3 22 - EN 1 No. ACE-ACC-4/2022 11 November 2022 Subject Management Discussion and Analysis for the period ended 30 September 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MD&A YE22 - EN 1 No. ACE-ACC-1/2023 28 February 2023 Subject Management Discussion and Analysis for the year ended 31 December 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MDA Q2 23 - EN 1 No. ACE-ACC-3/2023 11 August 2023 Subject Management Discussion and Analysis for the period ended 30 June 2023 To President The Stock Exchange of Thailand