Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Second Quarter and Six-Month Period Ended 30 June 2018 1. Q2/2018 Highlights Figure 1: Quarterly

future business expansion outside Philippines shall be subject to any discussion between the Company and Kinpo Group based on the circumstance that either the Company or Kinpo Group is more appropriate to

million]. The company also simultaneously, 6 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | invested in the construction and operation of the transmission

) of Baht 26 million in 2019 while the revenue from Combined Electricity and Power Company Limited (CHPP) had a slight fall in revenue corresponding to existing projects. PAGE 4 MANAGEMENT DISCUSSION

GLOW’s Shares PAGE 4 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 Executive Summary On 1 March 2019, the company was selected by the International Business Magazine, which is a leading business and

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering

1 (-Translation-) Ref. No. IRS.025/2019 October 31, 2019 Subject Acquisition of Shares in Hello Bangkok LED Co, Ltd., which is an Assets Acquisition Transaction of the Company, Issuance and Offering

บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited ทะเบียนเลขที ่0107538000746 ส ำนักงาำนัใญ ่: 88 ปำโซ ทำวเวอร์ ชก้นั 18 ถนันัสีลม แขวาสุริยวาศ ์เขตบำารกง งรุาเทพ 10500โทร (66) 02-634-2222

Ending 30 Jun 2020 17/07/2020 12:34 Management Discussion and Analysis Quarter 1 Ending 31 Mar 2020 and approve appointment of the auditors of the company for the year 2020 (Revise) 16/07/2020 19:05