outlook for 4Q17 should be positive compared to last year after passing the mourning period and Royal Cremation Ceremony since the end of October 2017. For hotel renovations, the Company already completed

Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the Year 2017 with the

- 1 - AIT (VP-SEC) 005E/2019 February 13, 2020 Subject: Management's Discussion and Analysis of Operating Results for the year 2019 and Q4-2019 To: The President of the Stock Exchange of Thailand

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

) (4,368) 9.4% 8.2% (11,106) (12,491) 13% Operating profit 9,900 10,731 9,293 -6.1% -13% 30,070 30,903 2.8% Net foreign exchange gain (loss) 41 106 12 -70% -88% 203 (10) -105% Other income (expense) 87 76

(“MACO”) will be completed in 3Q 2018/19. This restructuring enables VGI to focus on building the most robust offline-to-online or online-to-offline (“O2O”) ecosystem in Thailand and designates MACO as the

+52% Exchange differences on translating financial statements (0.6) 0 - Net increase (decrease) in cash and cash equivalents 7 (55) +113% Cash and cash equivalents at beginning of periods 100 92 +9

competition also translated into a 4% reduction in total marketing expenses YoY. FY18 CAPEX was lowered as 4G coverage was mostly completed and investment of Bt20bn was to mainly support added capacity and FBB

- Translation - Page 1 of 5 CBG 022/2019 8 November 2019 Subject Management discussions and analysis for the 3-month and 9-month period ended 30 September 2019 To President The Stock Exchange of

-1- AIT (VP-SEC) 005E/2022 21 February 2022 Subject: Management's Discussion and Analysis of Operating Results for the year 2020 and Q4-2020 To: The President of the Stock Exchange of Thailand