1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in changing in many

1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 < Translation> 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in

that are reusable, recyclable or 100% degradable. In the previous year, we announced the plan for halving the use of virgin plastics in packaging and made a commitment to collect and process plastic

The strategic plan was announced at the SEC Conference on Driving Capital Market toward Transformation, Growth and Sustainability on 25 February 2020 at The Athenee Hotel Bangkok. The conference

information that ought to be declared. GIC PRIVATE LIMITED      The Business (A) has   % of voting rights in (B) (B) has   % of voting rights in (C) (C) has   % of voting rights in (D) (D) has   % of

information that ought to be declared. Mr. Wangyoup Jhee      The Business (A) has   % of voting rights in (B) (B) has   % of voting rights in (C) (C) has   % of voting rights in (D) (D) has   % of voting

information that ought to be declared. Miss Yuet lin Tan      The Business (A) has   % of voting rights in (B) (B) has   % of voting rights in (C) (C) has   % of voting rights in (D) (D) has   % of voting

declared. CAPITAL RESEARCH AND MANAGEMENT COMPANY      The Business (A) has   % of voting rights in (B) (B) has   % of voting rights in (C) (C) has   % of voting rights in (D) (D) has   % of voting

any omissions of material information that ought to be declared. GIC PRIVATE LIMITED      The Business (A) has   % of voting rights in (B) (B) has   % of voting rights in (C) (C) has   % of voting

declared. WASATCH ADVISORS, INC.      The Business (A) has   % of voting rights in (B) (B) has   % of voting rights in (C) (C) has   % of voting rights in (D) (D) has   % of voting rights in (E) Total