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

- Translation - Page 1 of 7 CBG 019/2018 11 May 2018 Subject Management discussions and analysis for the 3-month period ending 31 March 2018 To President The Stock Exchange of Thailand We, Carabao

sale of 75% of VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”) for THB 360mn to Master Ad Public Company Limited (“MACO”). This transaction is expected to be completed within 3Q 2018/19. The restructuring

- Translation - Page 1 of 6 CBG 044/2018 9 November 2018 Subject Management discussions and analysis for the 3-month and 9-month period ending 30 September 2018 To President The Stock Exchange of

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the Third Quarter and Nine-Month Period Ended 30 September 2018 1. Q3/2018 Highlights Figure 1

- Translation - Page 1 of 5 CBG 022/2019 8 November 2019 Subject Management discussions and analysis for the 3-month and 9-month period ended 30 September 2019 To President The Stock Exchange of

The Stock Exchange of Thailand 1. Analysis of Overall Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its

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

29 July 2020 At: ACC/HO 014/63 Re: Management Discussion and Analysis for the Quarter of 2/2020 To: President The Stock Exchange of Thailand The Coronavirus 2019 (COVID-19) pandemic has had a

-Translation- Ref. WINNER 006/2020 February 27, 2020 Subject: Management Discussion and Analysis (MD & A) for the year 2019 (Revised) To: The President The Stock Exchange of Thailand 1. Analysis of