Microsoft Word - 00-Ref FPI.020.2018 Ref. FPI.020/2017 14 August 2018 Subject : Management Discussion & Analysis of Performance Results of Quarter 2/2018 To : Board of Directors and President of The

investment; 4.2) be able to demonstrate that persons who are or will become shareholders, directors, managers or persons with management authority in the ICO portal do not have any prohibited characteristics

Management Discussion and Analysis for Interim Business Operation Financial Performance for the year ended Sebtember 30, 2019 (Unit : Millon Bath) 2019 2019 Inc/(Dec) % Construction income 23.88

Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2020 (Unit : M ill ion Baht) 2020 2019 Inc. / (Dec.) % (Re st at

2019 Returns (%) Return on Assets * 15.5% 10.9% Return on Equity * 18.6% 13.7% Working Capital Management (Days) Trade Receivable Period 71 74 Inventory Period ** 42 31 Trade Payable Period 53 51

., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th No. NDR013/2020 13 August 2020 Subject: Management Discussion and Analysis (MD&A) Report for Q1/2020 Attention

Page 1 No. CMC Sor Lor.012/2019 August 13, 2019 Re: Management Discussion & Analysis for the Period Ended 30 June 2019 To The President of the Stock Exchange of Thailand (SET) CHAOPRAYAMAHANAKORN

Unofficial Translation Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Capital Market

remain accountable to their shareholders and investors. These practices not only affect listed companies’ strategic management, but also enable companies to better address their strengths, weaknesses

contact phone number to their profiles and the company subsequenlty used only the new number to confirm trading transactions with such clients without calling the original number or pursuing any other means