No. IIG 002/2020 14 August 2020 Subject: Management discussion and analysis for the second quarter of 2020 Attn: Governors and President Market for Alternative Investment (MAI) I&I Group Public

, the Company’s customers had developed alternative sources of supplies of HRC and also imported large volumes of HRC. The import arrivals continued during the reported Quarter and impacted the sales

First Quarter of 2018 WHAUP finished our 1Q2018 with a Net Income of Baht 716.2 million, 162.8% increase from 1Q2017. 1. RESULTS OF OPERATION FOR 1Q2018 Consolidated Financial Statements 1Q2017 1Q2018

Year of 2018 WHAUP finished our 2018 with the record high Net Profit of Baht 2,251.9 million, a 13.7% increase from 2017 with Normalized Net Profit of Baht 2,267.8 million, a 61.2% increase from 2017. 1

the Third Quarter of 2018 WHAUP finished our 3Q2018 with a Net Profit was Baht 631.1 million, a 10.7% increased from 3Q2017 with Normalized Net Profit of Baht 577.4 million, a 28.2% increased from

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

purpose of carrying on the business as manufacturer and supplier of various finished and semi-finished automotive stamping components in Indonesia. The New Company further received the acknowledgment dated

Second Quarter of 2018 WHAUP finished our 2Q2018 with a Net Profit was Baht 295.9 million, a 57.8% decreased from 2Q2017 with Normalized Net Profit of Baht 611.2 million, a 1.5% increased from 2Q2017. For

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

No. IIG 003/2020 11 November 2020 Subject: Management discussion and analysis for the 9 months ended September 30, 2020 Attn: Governors and President Market for Alternative Investment (MAI) I&I Group