Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the year ended 31 December 2019 1. Year 2019 Highlights Figure 1: Quarterly results  In Q4/2019, the

Quarter 2019 MD&A 7 Figure 1: PTA-PET Integrated Margin ($/MT) - - - Fibers  Production of 382 thousand tons (+22% YoY; +7% QoQ)  Core EBITDA of $59 million (+20% YoY; -14% QoQ)  Core EBITDA margin was 8

approval from the shareholder meeting by passing with the votes of not less than three-fourths (3/4) of the total number of votes of shareholders attending the meeting and having the right to vote, excluding

Report Form (Form Bor.Lor. 2) as at the end of the latest month. In cases where the company is in the process of preparing Form Bor.Lor. 2, the company shall be allowed to use the figure of 3 Added by the

Figure 1. At the same time, electricity consumption of the country in EGAT’s system as of December 2019, including electricity consumption outside EGAT’s system as of November 2019 stood at 210,752

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2018 1. Q4/2018 Highlights Figure 1: Quarterly results

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Fourth Quarter and the Year Ended 31 December 2017 1. Q4/2017 Highlights Figure 1: Quarterly results

, up from 42.70 percent in the first quarter of this year. Even though the figure was still within the set target, it caused a drop in our net profit compared to the preceding quarter. B In the second

capacity of electricity sold to EGAT was 3,332.08 megawatts, representing 6.80% of the country’s contracted capacity in 3 power authorities system, as presented in Figure 1 Figure 1 The country’s contracted

the Labor Protection Act (amount of Baht 42 million), totaling of Baht 162 million. If adjusted by adding these expenses to Baht 140 million, result in a figure of Baht 302 million. This is an increase