operation of Innotech Asset Management (or “Innotech” formerly known as “Solaris Asset Management”), a subsidiary. Innotech is currently on process of preparing personnel and operating system to reactivate

of Thailand, Rayong Wire Industries Plc. as (COMPANY) would like to describe and analyze the financial position and business operation of the 3rd quarter of 2017 that has been audited from the external

FOR THE PERIODS FROM DISCONTINUED OPERATION - 6.24 NET PROFIT FOR THE PERIODS 63.31 11.32 2 | Padaeng Industry Public Company Limited and its subsidiaries Overview the performance For the three-month

high net profit of THB 1,424mn.  VGI Digital Lab’s revenue exceeded its 1st year target, driving growth in the Company’s Digital Services segment by 117.5%.  Following deconsolidation of Master Ad

.Thai Juristic Persons Thai Juristic Persons 543,892.51 1.Short-term Debt Securities Short-term Debt Securities 327,830.07 1.Thai Investors Thai Investors 327,780.07 Institutions 257,599.59 High Net Worth

affecting operation as follow: 1. Bangchak Refinery average production rate was at 118. 82 KBD or 99% utilization rate of refinery capacity ( + 7% , YoY) which was recorded as the all- time high average

/ High Net Worth Investors, in the amount of THB 7,000 million, with coupon rate of 4.04%, and a tenor of 10 years. Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation

1 Thai Juristic Persons By Thai Juristic 543,842.49 1.Short-term Debt Securities Short-term 327,780.06 Public Offerings 800.00 Institutions / High Net Worth Investors 262,656.39 Private Placements

Translation CEN 003-2018 February 23, 2018 Subject : Management Discussion and Analysis for business operation of year 2017 To : The Manager and President The Stock Exchange of Thailand Business

-hospital operation have risen to Baht 332.1 and Baht 672.5 million, a 6.4% and 8.3% growth over same period of last year having details as follows: o Hospital revenues from general clients for 2nd-quarter