1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2019, East Water Group had total consolidated sales and services income of 1,164.83 million Baht, increased by 119.44 million Baht or 11.43% compared to

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

targeted to grow in scale leveraging subscriber base of mobile segment. Enterprise and digital services will continue to drive user base momentum and expand partnership. Operational and financial target of

1 1. ANALYSIS OF FINANCIAL PERFORMANCE Income statement (MB) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total Sales and Services revenue 1,043.98 1,039.90 (4.09) (0.39%) 4,376.96 4,308.04 (68.92) (1.57

value is derived from this method of calculation, whereby the calculation is based on the Company's reviewed consolidated financial statements for the 6-month period as of 30 June 2018 of the Company

the trust instrument; “registration statement” means the registration statement of an offer for sale of securities in the category of unit; “financial advisor” means a financial adviser whose name

, the Company’s financial advisor, the Company’s Board of Directors is of an opinion that the Company shall enter into the Entire Business Transfer Transaction by way of: (1) Allocating the Company’s

value of consideration basis. The highest transaction value is derived from this method of calculation, whereby the calculation is based on the Company's reviewed consolidated financial statements for the

= Translation = Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended September 30 , 2017 (Unit : Million Baht) 2017 2016 Inc./(Dec

") would like to describe and analyze the financial position and operating results for quarter 1-2018 are summarized as follows. Performance Analysis For the Quarter 1-2018, the Company and its subsidiaries