MTHB according to the change of severance payment policy following the amended Labor Protection Act. * Note Please find further information in the consolidated financial statements. 2 Summary of

คำอธิบายและการวิเคราะห์ฐานะการเงินและผลการดำเนินงาน * Note Please find further information in the consolidated financial statements. 1 February 21st, 2020 Subject: Management Discussion & Analysis

ratio of the Company and subsidiary companies Unit: Million THB Type of Income Q2/2019 Q2/2018 %variance First Half 2019 First Half 2018 % variance Note 1. Income from Sale of Real Estate 1 1,366.28

factors sending the impact on tourism decisions in Thailand. For the total multi- products fuel transportation volume of FPT was decreased by 0.6%(y-o-y) to 4,569 million liters. * Note: Total Flights was

: Unit: Million THB Sales Volume Amount Note Backlog Transfer in 2019 Transfer in 2020 Total 2019 - 2020 1. Residential Condominium 3,300 90% of sales volume in 2019 derives from ready-to-move-in projects

ICO, the SEC would like to further raise the following issues for public consultation. Please note that our public consultation will be extended to December 15, 2017. To send your comments and

, which was, the government issued the Labor Protection Act (No. 7 ) B.E. 2019, prescribing the rate of severance pay that increased from 300 days to 400 days Such change resulted in an increase of the

Transportation Project (Phase 1) started operations during the Q2/2019. And for the first six months of 2019, the growths of multi-products fuel transportation volume was increased by 0.5%(y-o-y). * Note: Total

implementation of the amended Thai Labor Protection Act 3 Adjusted EBITDA is calculated from Profit (loss) before income taxes, plus Finance costs, plus Depreciation and Amortization, deduct gain from exchange

transportation system to increase their efficiency. * Note: Total Flights was data of flights that serviced by BAFS only at BKK and DMK Total revenue in Q1/2019 of the Group was Bt1,031.3 million increased by