right to vote, excluding the vote of the shareholders having a conflict of interest. • Appoint Discover Management Co., Ltd. to be the Independent financial advisor to express and prepare the opinion in

revenue for the same period of last year. The positive impact is a result of more projects awarded in 2017 leading to more negotiation power and efficient cost management. 1. Business Performance Analysis

Transaction type 4 according to the Notification No. Tor Jor 21/2008 of the Capital Market Commission : Related Party transaction and the Notification of the Stock Exchange of Thailand (SET) Re: Disclosure of

loans from financial institutions as at September 30, 2019 and December 31, 2018, consisted of: Type 2019 2018 2019 2018 Bank overdrafts 31,561,285.30 - 13,418,154.75 - Promissory notes 22,000,000.00

required to report and disclose the information of this investment as Type 1 according to the Rule on the Acquisition or Disposal of assets and sending a circular notice to shareholders within 21 days from

addition, such allocation and issuance of the newly issued shares of the Company to the Investor is not considered as an acquisition of assets transaction as Type 4 transaction or backdoor listing pursuant

reduce risk of capital structure management as the Company will have additional working capital to use to reduce debts and accommodate the needs of cash flow in a timely manner. 6. Details of disposition

capital from THB 50 million to THB 80 million prior to share sale and purchase date indicated in Share Sale and Purchase Agreement . 4. The details of assets purchased 4.1 Nature of business Type Ordinary

Page 1 of 5 - Translation - Ref. WINNER 0018/2019 May 13, 2019 Re Management Discussion and Analysis (MD & A) for Q1/2019 To The President The Stock Exchange of Thailand 1. Analysis of Overall

Page 1 of 6 - Translation - Ref. WINNER 0024/2019 August 13, 2019 Re Management Discussion and Analysis (MD & A) for Q2/2019 To The President The Stock Exchange of Thailand 1. Analysis of Overall