= 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

(Translation) NEP-AC 002/2563 14 May 2020 Subject: Management Discussion and Analysis for Q1 end of 31 March 2020 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and

explanation and analysis Quarter 1/2020 ending 31 March 2020 Attention: The President of, The Stock Exchange of Thailand ZIGA Innovation Public Company Limited (“the Company”) would like to clarify operating

MDA_EN_1Q17 Management Discussion and Analysis for the 1 st Quarter 2017 ended May 31, 2017 AEON Thana Sinsap (Thailand) Public Company Limited (“the Company”) has already submitted the consolidated

MDA Q1_2018 (Eng.) May 7, 2018 Subject : Interim Management Discussion and Analysis of Q1/2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements of

OHTL Public Company Limited and its subsidiaries Management Discussion and Analysis for the first quarter ended 31 March 2018 (Unit: Thousand Baht) Quarter 1 2018 Quarter 1 2017 Increased/ (Decreased

February 20, 2019 Re: Management Discussion and Analysis for full year 2018 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

MD&A Q4_2018 (Eng.) February 21, 2019 Subject : Yearly Management Discussion and Analysis of 2018 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

24th February 2019 Subject: Management Discussion and Analysis for the Year Ending 31st December 2019 Attention: President Stock Exchange of Thailand Please find below the additional information

the increase were mainly due to increased revenue from animation segment and reverse allowance for doubtful account from 2018 Analysis of operating result Revenue Business categories/Segments For the