No. INGRS066 30 March 2021 Subject : Management Discussion & Analysis (MD&A) for the consolidated financial statements for the financial year ended 31 January 2021 To : The President The Stock

of 30,961,643.80 baht or transaction size is equal to 2.92% of the company's net tangible assets (NTA) amount of 1,060.78 million baht, in accordance with the consolidated financial statements as of

Connection Corporation Public Company Limited, the “Company” has submitted the financial statements of the Company and its subsidiaries for the year 2020 ended 31 December 2020, it appears that the operating

. Financial performance Statement of income Consolidated Financial Statements for 2019 2018 Change (Audited) (Audited) Increase (Decrease) THB Million % THB Million % THB Million % Revenues Sales income 16.89

) operating results based on its reviewed consolidated financial statements ended 31 June 2017 as follows. Highlights on Q2-2017 Operating results Unit : Million Baht Q2-17 Q2-16 Q1-17 % Change Amount % Amount

Consolidated financial statements As of 31 March 2019 (Unaudited but reviewed) As of 31 December 2018 (Audited) Change Increase (Decrease) THB million % THB million % THB million % Total assets 423.68 100.00

performance Statement of income Consolidated Financial Statements for Quarter 2 of 2019 Quarter 2 of 2018 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

statements As of 30 September 2019 (Unaudited but reviewed) As of 31 December 2018 (Audited) Change Increase (Decrease) THB million % THB million % THB million % Total assets 407.24 100.00 445.12 100.00 (37.88

statements As of 31 March 2020 (Unaudited but reviewed) As of 31 December 2019 (Audited) Change Increase (Decrease) THB million % THB million % THB million % Total assets 431.81 100.00% 400.73 100.00% 31.08

performance Statement of income Consolidated Financial Statements for Quarter 2 of 2020 Quarter 2 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million