results different from the same period last year more than 20% To: President The Stock Exchange of Thailand Rich Asia Corporation Public Company Limited and subsidiaries would like to clarify the results of

% 7.4% 12.2% 6.7% 8.2% % NNP - Owner of the parent 63.1% 63.6% 64.2% 64.5% 62.9% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-recurring income / (expense

(Unreviewed) To : Director and Manager The Stock Exchange of Thailand Ratchthani Leasing Public Company Limited would like to clarify the management discussion and analysis for the second quarter ended 30 June

: Director and Manager The Stock Exchange of Thailand Ratchthani Leasing Public Company Limited would like to clarify the management discussion and analysis for the second quarter ended 30 June 2019 (reviewed

MD & A - Q3-62 _ก่อนสอบทาน__EN October 18, 2019 Subject : Management Discussion and Analysis For the second quarter ended 30 September 2019 (Unreviewed) To : Director and Manager The Stock Exchange

MD & A - Q3-62 _สอบทาน__EN November 7, 2019 Subject : Management Discussion and Analysis For the second quarter ended 30 September 2019 (reviewed) To : Director and Manager The Stock Exchange of

2,346 19.3% NNP - Owner of the parent 1,121 1,393 24.3% EBITDA margin (%) 27.4% 27.9% NNP margin (%) 9.5% 9.9% % NNP - Owner of the parent 57.0% 59.4% Remark: * Normalized net profit = Net profit

attributable to a reduction on interest expense from ABPIF compared to previous quarter.  NNP margin improved to 10.2% in Q1’2018, primarily due to improvement of our financing cost.  NNP attributable to owner

Baht 2,202 million in Q4’2018 to Baht 2,413 million in Q1’2019 due to lower scheduled maintenance and lower expense from the seasonally peak of SG&A in Q4. • EBITDA margin in Q1’2019 was 23.5% compared

Page 1 Date 25 February 2020 Re: Management Discussion & Analysis for the Year Ended 31 December 20020 To The President of the Stock Exchange of Thailand (SET) CHAOPRAYAMAHANAKORN PUBLIC COMPANY