better selling, general and administrative expenses (SG&A), despite the higher percentage of the expenses to operating revenue, as the operating revenue dropped mainly due to the store closure.  The

% (2.21) -73.4% Distribution costs (52.77) -20.96% (102.28) -20.99% (49.51) -48.4% Administrative expenses (24.66) -9.79% (35.06) -7.20% (10.41) -29.7% Finance cost (2.48) -0.99% (0.01) 0.00% 2.48 34110.6

profit 303.2 501.4 65.4% 625.7 989.7 58.2% Administrative expenses 95.9 102.1 6.4% 188.3 207.2 10.0% Management Discussion and Analysis Q2/2020 Page 4/6 Q2/2019 Q2/2020 %change 6M/2019 6M/2020 % change

of Thailand According to T S Flour Mill Public Company Limited ("the Company"), the financial statements for Q2/2020 Ended on June 30, 2020. The company's financial statement showed net profit of 23.82

rate Baht of 0.03 per share, totaling Baht 23.36 million but in the same period of 2020, there is no dividend income. PAGE 2 OF 4 (5) Administrative and Selling expenses The Company and its subsidiaries

administrative expenses in the first quarter of year 2020 of 28.17 million baht, a decrease of 5 . 9 6 million baht or 17% from the same period last year. The reason was due to the restructuring of the parent

of selling and service went up 44.00% but income from Plaza went up. The cost of administrative when compared to income from medical treatments went down 0.77 % due to the expenses of CMR decreased

was 18 the same as last year. The second quarter in 2020, the company distribution costs and administrative expense 41.5 Million Baht and 56.7 Million Baht in 2019, compared with last year were

Earnings before expenses 86.93 50.38 -7.35 -3.05 -11.10 -0.01 46.07 50.12 40.86 88.67 Administrative expenses Management benefit expenses Financial costs Income tax expense (12.68) (5.26) (19.15) (0.01

executive expenses and staff expenses other than sale department, office rental expenses and other management and administrative expenses. For the period of three months and period of 1st half ended 30th Sept