same period last year with sales in the first quarter of 2020 decreasing. Due to the decrease in sales of mobile distribution business In part due to the closing of branches of mobile phone shop and

quarter (2Q2020), despite the COVID-19 pandemic and flashfloods in some area in Thailand and Vietnam. The major highlights of our business in the first nine months are as follows: - Fashion business: a

amounting of 37.97 Million Baht or 73.51% from last year as increased in the project backlog. - During 2017, the Group has purchased land amounting to 93.45 Million Baht to support the business expansion on

Group. For the income proportion separating by business structure consisted of Aviation refueling services at 81% and Fuel pipeline transportation services at 19% respectively. 1.1.2 Others Income Others

. For the income proportion separating by business structure consisted of Aviation refueling services at 81% and Fuel pipeline transportation services at 19% respectively. 1.1.2 Others Income Others

Energy engages in business of investment in renewable and alternative energy projects.  SBANG Sustainable Energies Ltd. (“SBANG SE”), a subsidiary of SBANG Corporation Ltd. which has registered on

Group. Page 3 of 6 For the income proportion separating by business structure consisted of Aviation refueling services at 82% and Fuel pipeline transportation services at 18% respectively. 1.1.2 Others

9.9 ( 75.3 ) (17.4) Dividend income - - - - - - Gain from transfer of right for land purchase and sale agreement - - - - - - Gain on disposals of investments in subsidiaries 314.8 7.8 35.0 1.0 ( 279.8

Regulations - PVD Act Ministerial Notifications Regulatory Summaries Fundraising Market Professionals Financial reporting and audit oversight Mutual Fund Cross-border Offering of Funds Business Operators

Translation CEN 001-2020 March 2, 2020 Subject Management Discussion and Analysis for business operation of year 2019 To The Manager and President The Stock Exchange of Thailand Business operation as