extend the third completion of the share sale and purchase to 30 November 2017 in order to negotiate regarding Aukkrarawat management with the seller. Currently, due to the fact that the Company and the

decreased significantly in comparison to the previous year as a result of decrease in number of management and administrative staffs as well as a decrease in marketing expense. Asset impairment and loss from

business decreased significantly in comparison to the previous year as a result of decrease in number of management and administrative staffs as well as a tighter control of marketing budget. Asset

[COMPANY NAME] Ref.: EFORL IR008/2019 March 7, 2019 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2018 To President The Stock Exchange of Thailand 1. Overview financial

No. CAZ 015-2019 13 August 2019 Subject: Management Discussion and Analysis 2nd Quarter ended 30 June 2019 Attention: The President The Stock Exchange of Thailand CAZ (Thailand) Public Company

Company is ready to consider developing potential projects with the use of appropriate fund regarding the Company’s cash flow in order to reduce the risk in its liquidity management. As of 30 September 2018

AIM 1 Ref.: EFORL IR 043/2018 November 14, 2018 Subject: Management Discussion and Analysis for the third quarter of 2018 (Q3/2018) and for nine month periods ended September 30, 2018 To President

Microsoft Word - 2019-Q4_MDA_Eng_R2.docx   No. CAZ 004/2020 28 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 Attention: The President The Stock

No. CAZ 017/2020 07 August 2020 Subject: Management Discussion and Analysis for the 2nd Quarter ended 30 June 2020 Attention: The President, The Stock Exchange of Thailand CAZ (Thailand) Public

management will consider using the surplus CFO in investment or any other activities to create better value for the Company. Cash Flow from Investing Activities CFI as of June 30, 2020 was -48.45mb mainly due