Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the year ended 31 December 2019 1. Year 2019 Highlights Figure 1: Quarterly results  In Q4/2019, the

performance Dear Sirs, We gladly inform to report our improved 2nd quarter performance figure during Oct.2017-Dec.2017 which is increased from previous financial year same quarter by over 20% as follows: 1

(July – September 2018) and clarification of the operating result change excess 20%. Dear Sirs, We gladly inform to report our 1st quarter performance figure during July – September 2018, ending September

(July – September 2019) and clarification of the operating result change excess 20%. We gladly inform to report our 1st quarter performance figure during July – September 2019, ending September 30, 2019

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter Ended 31 March 2018 1. Q1/2018 Highlights Figure 1: Quarterly results  In Q1/2018

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Third Quarter and Nine-Month Period Ended 30 September 2017 1. Q3/2017 Highlights Figure 1

than the figure of 1.26 percent at year-end 2016. Meanwhile, deposits grew at a higher rate of 4.91 percent, compared to 3.78 percent at the end of the second quarter of 2017 and 1.46 percent at the end

income 5 84 -79 -93.78% Cost of sales and services 4,258 3,744 514 13.72% SG&A expenses 341 197 144 73.37% Interest and Tax expenses 89 66 23 34.53% Share of profit from associates and JV 68 39 29 75.16

Quarter 2019 MD&A 7 Figure 1: PTA-PET Integrated Margin ($/MT) - - - Fibers  Production of 382 thousand tons (+22% YoY; +7% QoQ)  Core EBITDA of $59 million (+20% YoY; -14% QoQ)  Core EBITDA margin was 8

capacity of electricity sold to EGAT was 3,332.08 megawatts, representing 6.80% of the country’s contracted capacity in 3 power authorities system, as presented in Figure 1 Figure 1 The country’s contracted