Eng_MD&A Final Q3'19 November 13, 2019 Ref: SET-2019-011 Re: Management Discussion and Analysis for Quarter 3’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company

”) had total revenue of THB 2,639.7 million, increased 65.9% from the nine months period of 2018 as a result of commercially available for two hotels as part of the Project Crossroads Phase 1 which

was due to an increase in Allowance for doubtful accounts of Baht 21.8 million resulting from liquidity problem of one major accounts receivable. In addition, there was a reversal of reduction cost of

percentages to total revenues, excluding “Cost of real estate sales” that is presented in a percentage to revenue from sales of real estate. Total Revenue For the year ended 2017, the total revenue was 1,327.13

% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 10.0 million in Q1/2018 whereas there was a reversal of such transaction of Baht 1.0 million in Q1/2019. The interest expenses

MD&A Q.2'18EN 1 RP-AC 003/201 AUGUST 1, 201 Subject: Clarification of the operating results for the second quarter of 2018 To: Directors and Managers of the Stock Exchange of Thailand Richy Place

Eng_MD&A Q2'18 (Translation) August 14, 2018 Ref: SET-2018-016 Re: Management Discussion and Analysis for Quarter 2’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public

18.0 million from Baht 151.1 million in 2018 to be Baht 133.1 million, or 11.97% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 21.8 million in 2018 whereas there was a

million from Baht 34.1 million in Q2/2019 to be Baht 33.0 million, or 3.16% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 0.5 million in Q2/2019 whereas there was a

downward trend of interest rate during Q3/2020. As a result of the discussed factors, our profit for three-month period of Q3/2020 was Baht 34.9 million versus Baht 30.8 million in Q3/2019 or equivalent to