- ร่าง - 1 August 14, 2018 Subject Management Discussion and Analysis for the period of three months ended 30th June 2018 To President of the Stock Exchange of Thailand Secretary of the Office of

-Translation- Ref. WINNER 018/2020 May 14, 2020 Subject: Management Discussion and Analysis for the 3-month period ending 31 March 2020 To: The President The Stock Exchange of Thailand 1. Analysis of

-1- Ref. POL. 028/2020 February 25, 2020 Re: Management Discussion & Analysis of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P Syndicate Public

R&B Food Supply Public Company Limited 24 February 2020 Re Management Discussion and Analysis for the year 2019 Attn. The President The Stock Exchange of Thailand (SET) R&B Food Supply Public Company

period of last year. The increase was mainly driven by positive same store sales growth (SSSG). In addition, the gross profit margin grew consistently, due to more efficient management of the product mix

1,221.6 81.8% Share of Profit from Investments in Associates and JVs 491.3 693.3 202.0 41.1% Total Cost 773.7 1,248.6 474.9 61.4% Gross Profit 603.8 1,314.7 710.9 117.7% Net Profit 334.5 972.4 637.9 190.7

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

(85.0) -62.5% 136.0 Net profit (Loss) attributable to owner of the Company(92.3) (51.0) -123.6% (41.3) 31.5 (81.0) -72.0% 112.6 EPS (Baht) (0.109) (0.049) 0.037 0.133 Dusit Thani PCL Management Discussion

profit being generated in this quarter. The media is now fully booked until the first quarter of next year. MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 2 13 May

gross profit margin improved to 61.4% and 57.0%, respectively, due to higher average selling price and better construction cost management. • Revenue from sale of investment properties increased by 45