Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 031/2560 August 10, 2017 Subject : Management Discussion and Analysis for quarter 2-2017 To

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 1 Translation UWC 023/2562 August 16, 2019 Subject : Management Discussion and Analysis for quarter 2-2019

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 028/2018 August 10, 2018 Subject : Management Discussion and Analysis for quarter 2-2018 To

Management Discussion and Analysis 1 Ref: AC.017/2020 18 May 2020 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange

resource management expense. As a result, the purchase of the shares will resulted in the Company be a 100% major shareholder in the company and being able to fully control the operations and management

. As a result, the purchase of the shares will resulted in the Company be a 100% major shareholder in the company and being able to fully control the operations and management. What is more, the Company

previous year, owing to effective operations management to ensure that growth in the shopping mall business, hote operations, food and beverage comes with at least the same level of profitability as the

November 24, 2017 to May 23, 2018 2 Type of transaction : SAP will enter renewal an agreement to rent and sub-lease assets necessary for the business operations of debt management and debt collection

Electricity Generating Company Limited), has commenced commercial operations. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2019 Page 2 1.4 Establishment of a joint

operations. IVL who has management control of IRSL can leverage its global relationship to provide the required credit support in the present crisis. Moreover, in providing such financial support, IVL will