= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

Central Retail Corporation Public Company Limited Management discussion and analysis /Page 1 Executive summary The overall global economy was projected to slow down significantly due to the COVID-19

significantly affected by low advertising demand due to the prolonged impact of the COVID- 19 pandemic, which has plunged the global economy into a deep recession. Operating revenue decreased by 32.2% YoY to THB

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Global Connections Public Co., Ltd. (GC) for the three-month period ended 31 March 2018 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim Management

of Global Connections Public Co., Ltd. (GC) for the year-ended 31 December 2018 which had been audited by the Independent Auditor and would like to clarify more details on the Yearly Management

of Global Connections Public Co., Ltd. (GC) for the three-month period ended 30 June 2017 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim

of Global Connections Public Co., Ltd. (GC) for the three-month period ended 30 September 2017 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim

Global Connections Public Co., Ltd. (GC) for the year-ended 31 December 2017 which had been audited by the Independent Auditor and would like to clarify more details on the Yearly Management Discussion and

of Global Connections Public Co., Ltd. (GC) for the three-month period ended 30 June 2018 which had been reviewed by the Independent Auditor and would like to clarify more details on the Interim