, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

to the parent 205.93 236.49 (30.56) (12.92%) 1,044.79 1,117.52 (72.73) (6.51%) Earnings per share (EPS) 0.12 0.14 (0.02) (12.92%) 0.63 0.67 (0.04) (6.51%) Raw water costs 52% Tap water costs 36% Rental

recognized in five years, the effective tax rate shall be around 16% until 2020. Financial position As at December 2017, AIS had total assets of Bt284,067mn increasing 3% YoY mainly from current assets. Total

financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8

, AIS delivered a 4.1% core service revenue growth with 43.7% normalized EBITDA margin and has announced an interim dividend of Bt3. 78/ share, following minimum 70% payout ratio. The guidance for the

(Translation) — 1 — (Translation) No. 10000000/ 152 /61 20 June 2018 Subject: Resolutions passed by the Board of Directors Meeting regarding the share acquisition, the tender offer for the entire

19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q3/2019

position. Besides, shareholding portion in subsidiary reduce because GJ Steel increase registered capital which lead to the increase in number of shares, hence, the Company shareholding portion decrease

the director to replace the position of Assoc. Prof. Dr. Chiraphol Chiyachantana the resigned Company’s Director effective since April 11, 2018. On April 11, 2018, the Company’s Director consists of 9

expenses 192.25 167.67 (24.59) (12.79%) Net profit 744.83 716.45 (28.38) (3.81%) Net profit attributable to owner of the parent 735.44 706.19 (29.25) (3.98%) Earnings per share (EPS) 0.44 0.42 (0.02) (3.98