Translation DIMET AC 2008/001 August 31, 2020 Subject Management Discussion and Analysis for business operation year 2019 (July 1, 2019 - June 30, 2020) To The Manager and President The Stock

-9320 1 Ref: PCL 2020/018 November 14, 2020 Subject: Management Discussion and Analysis for the 9-month period ended 30 September 2020 To: The President of the Stock Exchange of Thailand Panjawattana

contract in the amount of THB 78 million. As for BCP Trading Pte. Ltd. , the company recorded more revenue from the amount of trade transaction and the significant increase in oil price. Management

IFA Jay Capital Advisory Company Limited SET The Stock Exchange of Thailand SEC The Securities and Exchange Commission Notification of the Acquisition or Disposition Notification of Capital Market

securities business in the category of securities brokerage, shall apply only to the securities brokerage outside the Stock Exchange of Thailand. Clause 3/1.6 For the purpose of supervision the undertaking of

provisions relating to a company licensed to undertake securities business in the category of securities brokerage, shall apply only to the securities brokerage outside the Stock Exchange of Thailand. Clause 3

of securities brokerage, shall apply only to the securities brokerage outside the Stock Exchange of Thailand. Clause 3/1. For the purpose of supervision the undertaking of securities brokerage of

General Meeting of Shareholders, Dividend Payment and Connected Transaction Attn: President, the Stock Exchange of Thailand The Board of Directors Meeting of Vinythai Public Company Limited No. 1/2018, held

: Management Discussion and Analysis for the year ended 31 December 2017 To : The President The Stock Exchange of Thailand Summary of the Company’s Financial Position and Operating Result for the year ended 31

weaker global demand as a result of slower growth in the number of major trading counterparties, the trade war between US and China, and a decreased global crude oil prices. However, the tourism sector