subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2019 MANAGEMENT DISCUSSION

Management Discussion and Analysis (MD&A) 2019 Page 1/8 Management Discussion and Analysis (MD&A) 2019 Overview and Factors Affecting Future Performance 2019 was considered a challenging year for the

supervision, initiate cooperation and address key challenges, which can lead to common practices at the regional level in the future. IOSCO APRC Meeting will discuss important and challenging issues such

173 98.30% 20.23% 160 98.16% 32.95% 15 Source: Morningstar Direct (Dec 2014), data complied by Research Department of Thai SEC. Even more challenging to persistently perform well. Only one fund stays in

well as maintain the construction cost, the gross profit margin will be relatively high in 2017. II Food & beverages business Total Gross Profit was 307 Million Baht or 45% of revenue which slightly

handover to the customers by Q1 2018; as well as maintain the construction cost, the gross profit margin will be relatively high in 2017. II Food & beverages business Total Gross Profit was 307 Million Baht

find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 March 2019 MANAGEMENT DISCUSSION AND ANALYSIS Golden

selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate cash margin by Baht

12,391 10,868 Average selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate

Bin Abdulaziz Al-Homoud, member of CMA Board of Directors, and other CMA executives, to discuss and share information on capital market developments of both countries as well as exchange views on