value of total consideration basis which is the calculation basis providing the highest transaction value based on the Company’ s reviewed financial statements as of 30 September 2017. The transaction is

, 2018. 2. Signing Parties and relationship with the Company The share purchase agreement of WPS (Thailand) Co., Ltd. Buyer Eastern Printing Public Company Limited (“EPCO”) Seller Nation Multimedia Group

would sign the share purchase agreement with the buyer, and complete aforementioned transaction within September 2019 2. Involved parties and relationships between the parties The disposing of

in MV (a subsidiary of the Company) from Ms. Kanjana Pongpatanadecha of KTMS (a subsidiary of the Company). (1) Transaction date : within 1 st April 2020 (2) The parties involved and relationship Buyer

of the same last year. Because of The Company and subsidiaries have increase the unit right transfer to customer more the last year 39% its effect to special business tax and transfer fee increases

sale plan to expand customer base of flexible packaging and plastic sack. The company expects from the development as mention above, it will help the company can have better performance and will profit

million, because the Company delivery product to customer with Trade receivables increased consistent with the increased revenue in the milk-manufacturing business. - Inventories increased for Baht 28.12

%, due to the declining portion of household customers, who paid lower tariffs than other customer groups. Raw Water Volume (Million Cu.M) For the three-month period 2018 2017 YoY % Q4/2018 Q4/2017 YoY

THB 50.78 million in 2018 (increasing 27.92%). Also, FDM Technology, another subsidiary with its main customer base in the automotive industry also had similar growth from THB 144.92 million to THB

Acc.001/2563 February 24, 2020 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for the Year 2019 Dear Sir, S. Khonkaen Foods Public Company Limited