management’ discussion and analysis for the 1st quarter in 2020, ended March 31st, 2020 as per herebelow : 3-Month Period Ended March 31st Change 2020 2019 % MB MB Sales Revenue 97.13 84.93 14.36 Total Revenue

follow; Consolidated 2Q/2017 2Q/2016 Change Financial Statements (Million Baht) (%) (Million Baht) (%) (%) Revenue from Sales 1,211.6 100.0 % 1,119.8 100.0 % 8.2 % Cost of Sales (827.0) (68.3 %) (725.6

) 3.66 3 .48 3.31 5% 11% Consolidated Revenue1 3,240 2,722 2,942 19% 10% Core EBITDA2,3 369 255 304 45% 21% Combined PET 260 177 192 47% 35% Integrated Oxides and Derivatives 37 13 50 191% (26)% Fibers 72

in Thailand maintained their good performance with adequate capital to support their business operations. The combined net profit of the Thai commercial banking system was Baht 207.2 billion, a 10.8

phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2018 2/2018 3/2017 2/2018 3/2017 2018 2017 (%) Net profit * 9,030 9,194 8,161 (1.8)% 10.6

-1- November 29, 2018 Subject Change of payment method for investment in acquisition and sale of tap water in some areas of Phuket and some areas of Phangnga. To Director and Manager The Stock

is shown below: Consolidated Financial Statement (Million Baht) Year Change Increase (Decrease) 2018 2017 Amount % Assets Current Assets 51,353 39,543 11,810 30% Investments in joint ventures and

MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

) Profit before FX per share (Baht) 5.25 4.35 0.90 Leverage Ratio and Liquidity Ratio Quarter 2 Quarter 1 Change Increase/(Decrease) 2019 2019 Debt to equity ratio (Time) - Consolidated 1.03 1.11 (0.08

past several years. Also, the change in accounting standards, which effective in 2020, affects the scheme of provision allowance for non-performing loans of financial institutions. However, it is