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

. Additionally, in September 2017 the Company has registered to the Stock Exchange of Thailand / Market for Alternative Investment for raising fund resulting in cash and cash equivalent in the proportion of 34.50

units and exercise price of THB 2 per share. Subsequently, 98mn additional listed shares begin trading on SET on 9 November 2017, resulting in an increase in paid-up common stock to THB 3,439mn shares

Microsoft Word - ACE MDA Q120 - ENG_Final 1 No. ACE-ACC-2/2020 15 May 2020 Subject Management Discussion and Analysis for the period ended 31 March 2020 To President The Stock Exchange of Thailand

Microsoft Word - ACE MDA Q419 - ENG - Final 1 No. ACE-ACC-1/2020 24 February 2020 Subject Management Discussion and Analysis for the year ended 31 December 2019 To President The Stock Exchange of

receivables from exercise warrants 65 0.7% 7,121 42.2% Equipment – net 1,615 16.8% 1,735 10.3% Investment in JVs, associates and other long-term investments 1,421 14.7% 1,389 8.2% Goodwill 1,748 18.2% 1,748

% 1,572 7.8% Equipment – net 1,615 16.8% 1,695 8.4% Investment in JVs, associates and other long-term investments 1,421 14.8% 7,685 38.1% Goodwill and excess of acquisition costs and net assets 1,748 18.2

% Inventories 1,009 1,044 -3% Other current assets 184 180 +2% Total current assets 1,948 2,106 -8% Property, plant and equipment 2,136 2,071 +3% Goodwill 244 - - Investments in joint venture 52 53 -2% Other non

%) Other current assets 109 175 (38%) Total current assets 1,477 1,864 (21%) Property, plant and equipment 1,983 2,132 (7%) Goodwill 48 52 (7%) Investments in joint venture 72 56 28.5% Other non-current

2020 To : The President The Stock Exchange of Thailand Bangkok Chain Hospital Public Company Limited (the “Company”) would like to report the operating results for the first quarter ended 31 March 2020