, 2018 To : President The Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the quarter ended September 30, 2018

Central Retail Corporation Public Company Limited Page 1 20 February 2020 Re: Management Discussion and Analysis Operating results for the year ended December 31, 2018 To: President The Stock

acquisition of an ongoing development project under the Keystone JVs, which are responsible for developing and operating the ‘Verso’ international school at Thana City that is due to open by August 2020. We

Page 1 of 2 SET 007/2020 12 August 2020 Subject Management Discussion and Analysis for the second quarter 2020 To The President of the Stock Exchange of Thailand The Company would like to provide

estimate of Department of Lands, actual buying and selling price of the land that is located nearby for being the regulation to appraise as comparison. And agreed to the selling price that is higher than net

Company”) would like to announce the operating results for the year ended December 31, 2018, which has been audited by an auditor as follows: Unit: Million Baht CONSOLIDATED FINANCIAL STATEMENTS For the

Economic Outlook of the International Monetary Fund for October 2019 cut this year’s global economic growth projection to 3.0 percent from the previous forecast of 3.2 percent. The figure is the lowest

, the total transaction amount was Bt9,943mn, decreasing 5.4% YoY. However, the money transfer service, of which the Company is the banking agent for 4 banks, has been growing consistently with average of

time or several times within three months from the date on which the Board of Directors of the Company has the resolution. A purpose is to help the Company to have enough cash flow for a business

securities business; (3)1 a payment for subscription of securities which a securities company receives from underwriting. Clause 5. A securities company must establish a unit responsible for the custody of