of November 2017 and expect to go on until the 2nd quarter of 2018 unless there is the progress of the said rehabilitation plan. 2. Business Outlook on Q1/2018 Management’s Discussion and Analysis (MD

. Significant events in the third Quarter of 2017 1.1 The progress in construction projects 1.1.1 Project completion - Klongluang Utilities Company Limited, (EGCO holds a 100% ownership interest.), is a

the accounting period ended March 31, 2019, there was no any noteworthy progress of such case as disclosed in the notes to financial statement for the year ended December 31, 2018 Section 27.5. 4

units sold out. Demand for the other 2 projects is strong with the pre-sale progress currently at 85-95%. Construction of the projects have begun and expected to be completed and ready for transfer by the

also made continuous progress with the asset enhancement initiatives, particularly with CentralWorld, which is on track for completion in 3Q18. Preparations are also made with the major renovation

1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 080/2019 4 December 2019 Subject: Notification of the Resolution of the Board of Director’s Meeting regarding of the schedule of EGM1/2020, Capital Decrease, Capital increase, an Increasing of investment cost in Carnival Magic Project, and compensation for design and construction to related person. To: Managing Director The Stock Exchange of Thailand Reference: 1. Information Memorandum on the Issuance and Offering of...

1 (TRANSLATION) SAFARI WORLD PUBLIC COMPANY LIMITED PCL 0107537000351 Ref. No. 080/2019 4 December 2019 Subject: Notification of the Resolution of the Board of Director’s Meeting regarding of the schedule of EGM1/2020, Capital Decrease, Capital increase, an Increasing of investment cost in Carnival Magic Project, and compensation for design and construction to related person. To: Managing Director The Stock Exchange of Thailand Reference: 1. Information Memorandum on the Issuance and Offering of...

@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Third Quarter of 2020 1.1 The progress in construction projects 1.1.1 Project completion - Gangdong Fuel Cell Project (Gangdong

shall be explained in terms of a 3-5-year business plan (represented in figures or otherwise) and a progress report on the implementation of the operation according to the goals shall be explained in the

million from the first half of 2018, due to lower gains on investments and other operating income, mainly from the recognition of profit sharing from the management of impaired assets by Thai Asset