-Translation- No. ECF2 024/2018 May 14, 2018 Subject: Management Discussion and Analysis of the year ended March 31, 2018 To President The Stock Exchange of Thailand East Coast Furnitech Public

: Management explanation and analysis for the 2nd Quarter ended 30 June 2018 Attention : The President of, The Stock Exchange of Thailand ZIGA Innovation Public Company Limited (“ the Company”) would like to

Stock Exchange of Thailand Fortune Parts Industry Public Company Limited (“FPI” or “The Company”) would like to submit the reviewed of interim financial statements for the three-month period ended 30 June

-Translation- No. ECF2 041/2561 12 November 2018 Subject: Management Discussion and Analysis of the 3rd quarter ended September 30, 2018 To President The Stock Exchange of Thailand East Coast

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

refinery had undergone a 45-day turnaround maintenance during Q2/2018, resulting in the lower finished oil volume produced during the period. Thus, the company had to manage its stock and sales through the

affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and

consisting of the long finished steel production of 1.28 million metric tons, decreasing 4.26% and the flat finished steel production of 0.735 million metric tons, increasing 11.52% compared to the same period

. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD

); the Fuel Ethanol Business EBITDA is THB 41 million (-29% QoQ). In June 2017, the company has informed the Stock Exchange of Thailand of the changes in shareholing structure of Bio-based Product business