Second Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our Second Quarter of 2020 with a Normalized Net Income of Baht 177.7 million, a 74.4% decrease from 2Q2019 while Net Profit of Baht 317.4 million

and 2020 were 61.3% and 60.9%, respectively, decreased by 2.7% from Q4/2019 and 3.8% from 2019. • The decrease in gross profit margin was mainly due to the reduction in total revenue from sales in a

reasons; 1. The total sales has decreased Baht 2,060.1 million, due to sales volume of MDF Board and Particleboard have decreased by 15% and 12% respectively. The average price of MDF Board and

following main reasons; 1. The total sales has decreased of Baht 410.98 million, due to sales volume of MDF Board has decreased by 15%. The average price of MDF Board and Particleboard have decreased by 3

main reasons; 1. The total sales has decreased Baht 402.8 million, due to sales volume of MDF Board and Particleboard have decreased by 13% and 4% respectively. The average price of MDF Board and

increase by Baht 42.70 million or an increase of 11.57 percent from the same period of previous year, due to effective management of production cost and selling expenses. Details of the changes or impacts

from the decline in operating revenue due to the impact from the new COVID-19 wave, as well as the temporary closure of some dessert cafe branches according to the government measures. • The Company’s

decreased by THB 109.03 due to collection from customers. • Inventories decreased by THB 141.68 million due to usage of raw material in stock and delivery of finished goods. As of December 31, 2020, total

 Profits increased 17% to THB 632m in Q3 2017 from THB 540m in Q3 2016. Net Profit increased 35% to THB 769m in Q317 from THB 569m in Q316, due to higher operating profits and exchange gain in Q317. Quarter

 Profits decreased 4% to THB 517m in Q2 2018 from THB 539m in Q2 2017. Net Profit decreased 60% to THB 270m in Q218 from THB 676m in Q217, due to a foreign exchange loss of THB 236m in Q218 versus a foreign