LST: LAM SOON (THAILAND) PUBLIC COMPANY LIMITED M: MK RESTAURANT GROUP PUBLIC COMPANY LIMITED MACO: MASTER AD PUBLIC COMPANY LIMITED MAJOR: MAJOR CINEPLEX GROUP PUBLIC COMPANY LIMITED MALEE: MALEE GROUP

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 Q3/2019 and 9M/2019 ended 30 September 2019 1. Q3/2019 Highlights Figure 1: Quarterly results  In

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Q2/2019 and H1/2019 ended 30 June 2019 1. Q2/2019 Highlights Figure 1: Quarterly results  In Q2

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

320,102 2.00064 M-PAT 40,300 0.03838 MACO 345,203,607 4.25234 MACO-W3 91 0.00001 MACO-W4 208,000 0.01025 MAJOR 89,054,116 9.95388 MAKRO 36,103,703 0.34123 MALEE 34,494,285 6.32075 MANRIN 2,000 0.00743

40,300 0.03838 MACO 346,969,400 4.27409 MACO-W3 100 0.00001 MACO-W4 208,000 0.01025 MAJOR 93,305,930 10.42912 MAKRO 36,268,593 0.34279 MALEE 34,388,906 6.30144 MANRIN 1,981 0.00736 MASTER 14,090,819

40,302 0.03838 MACO 346,237,704 4.26508 MACO-W4 208,000 0.01025 MAJOR 101,868,970 11.38624 MALEE 19,113,088 3.50229 MANRIN 2,000 0.00743 MASTER 11,025,226 4.59384 MATCH 441,494 0.05648 MAX 654,366,000

LST 4,103,711 0.50045 LUXF 2,845,400 1.44804 M 6,838,301 0.74258 M-CHAI 345,902 2.16189 M-PAT 40,300 0.03838 MACO 130,366,140 1.60590 MACO-W4 208,000 0.01025 MAJOR 96,582,525 10.79535 MALEE 11,991,489

208,000 0.01025 MAJOR 103,232,124 11.53860 MALEE 11,682,603 2.14072 MASTER 10,015,947 4.17331 MATCH 1,340,392 0.17149 MAX 654,366,000 0.76383 MBAX 320,000 0.16384 MBAX-W2 64 0.00011 MBK 19,637,294 1.00481