Days Days 141 140 Accounts Payable Days Days 43 43 Cash Cycle Days 133 130 Leverage & Financial Policy Unit 31 Dec 2018 31 Dec 2017 Debt to Equity Ratio Times 0.74 0.62 Interest Coverage Ratio Times

. Pete Bodharamik Disposition Stock 20.0949 0.2123 19.8825 19/09/2017 20.0949 0.2123 19.8825   246003292003-1 JTS Mr. Pete Bodharamik Acquisition Stock 16.7648 3.33 20.0949 21/02/2017 16.7648 3.33 20.0949

. Vanchai Panvichean Acquisition Stock 14.9971 0.2765 15.2737 07/03/2022 14.9971 0.2765 15.2737   246017212203-1 NINE FOREVER ZILLION LIMITED Disposition Stock 16.4136 6.6394 9.7742 21/08/2020 16.4136 6.6394

SOCIAL SECURITY OFFICE Disposition Stock 15.0397 0.0802 14.9595 05/05/2021 15.0397 0.0802 14.9595   246010432105-1 BCP SOCIAL SECURITY OFFICE Acquisition Stock 14.9485 0.2317 15.1802 19/02/2021 14.9485

President of the Stock Exchange of Thailand Attachment: Management Discussion and Analysis ended 31 December 2018 As Golden Lime Public Company Limited (“the Company”) has submitted the Auditor’s report on

- Translation - Page 1 of 6 CBG 006/2020 20 February 2020 Subject Management discussions and analysis for the fiscal year ended 31 December 2019 To President The Stock Exchange of Thailand We

units and exercise price of THB 2 per share. Subsequently, 98mn additional listed shares begin trading on SET on 9 November 2017, resulting in an increase in paid-up common stock to THB 3,439mn shares

) 4.9 4.3 Net profit (excl. NCI) (%) 16.3% 18.5% Average collection period (days) 74.6 84.3 Return on equity* (%) 40.3% 24.2% Payable days (days) 100.8 96.3 Efficiency Ratios Leverage Ratios Return on

(times) 4.9 4.1 Net profit (excl. NCI) (%) 24.6% 20.7% Average collection period (days) 74.6 88.4 Return on equity (%) 40.3% 26.9% Payable days (days) 100.8 97.6 Efficiency Ratios Leverage Ratios Return on

% Payable days (days) 97.6 107.2 Efficiency Ratios Leverage Ratios Return on assets (%) 8.5% 7.4% Liability to equity (times) 0.6 0.3 Return on fixed assets (%) 60.1% 72.7% Debt to equity (times) 0.3 0.1