Public Company Limited and its subsidiaries, would like to present the Management Discussion and Analysis (MD&A) of Q2/2020 as follows: Management Discussion and Analysis (MD&A) Patum Rice Mill and Granary

Stock Exchange of Thailand Seamico Securities Public Company Limited and its subsidiaries (“The Company”) would like to report the consolidated operating result that has been audited by our auditor for

fixed asset for related party transaction criteria Included 1 transaction of the Company and/or its subsidiary with Kinpo International Ltd. and/or its subsidiaries, the total transaction size is USD

percent from the same quarter last year (2.8 decrease from the 4th quarter of 2018). This is because there is the entering of the new product, the expansion of Tao Kae Noi Land branches and the opening of

THB 36 mil. or 10.3% negative growth when compared to the same period of last year, primarily due to dumping price by competitors and focusing on electronic payment and number of bank branches reduction

. On the cost side the Company considers to close down underperform branches and cutting all redundancy cost.   Management Discussion and Analysis, Q3/2018 Page4/4   Thus, you have been informed for your

margin1 (%) 20.1% (2.1%) (22.2%) 20.4% 2.7% (17.7%) Number of branches as at June 30 38 41 8% 38 41 8% 1H/19 1H/20 Change +/(-) Change +/(-) Q2/19 Q2/20 Operating highlight in Q2/2020 Revenue • After You

109) |- Disclosure | - |- Advertising (Section 98(10)) | - |- Securities Businesses (Section 108) |- Branch Offices / Representative Offices (Section 92, 93) | - |- Branches (Section 92

)) | - |- Securities Businesses (Section 108) |- Branch Offices / Representative Offices (Section 92, 93) | - |- Branches (Section 92) | - |- Representatives Offices Establishment (Section 93) |- Complaint Handling

(Section 98(10)) | - |- Securities Businesses (Section 108) |- Branch Offices / Representative Offices (Section 92, 93) | - |- Branches (Section 92) | - |- Representatives Offices Establishment (Section 93