110 per share, totaling of Baht 9.90 million from the shareholders of Trans.Ad (the “Sellers”) who are not the related persons of the Company (the “Transaction”). This Transaction is considered as an

. (“Trans.Ad”) at the price of Baht 110 per share, totaling of Baht 9.90 million from the shareholders of Trans.Ad (the “Sellers”) who are not the related persons of the Company (the “Transaction”). This

already registered the changes to the Department of Business Development, Ministry of Commerce on April 17, 2019. In this regard, the Company still uses the same stock symbol “RATCH”. Management Discussion

20.73 19.12 24.88 Year 2018 19.36 21.28 20.37 19.00 - - - - - - - - 20.00 Reference : Department of internal trade, Ministry of Commerce April 2018 The Company has set allowance for devaluation of

an unfavorable condition of the Company’s traditional trade channel because of the terminated contract with the distributor, which was effective since 30 June 2019. Further in this year, the period

economics’ slowdown is expected to continue in 2Q19 since the negative impacts remain unsolved. The global economic is expected to be pressured from an uncertainty of the USA-China Trade War. New government

and await for certification from Ministry of Commerce, moreover professional and consulting expenses arise before current management of company took over and managed from June 18, 2020 (reference from

) Transaction Size% VS NTA financial statements for the period 1. VNG and subsidiaries trade among related companies. 25 Feb. 2020 43,000,000.00 0.701% as at 31 Dec. 2019 2. Vanachai Panel Industries Co., Ltd

บริษัท วนชัย กรุ๊ป จำกัด(มหาชน) - Translation - 30 June 2020 Subject : Disclosure of connected transaction by a subsidiary Attention : President The Stock Exchange of Thailand Vanachai Group Public

Release Date Value (Baht) Transaction Size% VS NTA financial statements for the period 1. VNG and subsidiaries trade among related companies. 25 Feb. 2020 43,000,000.00 0.701% as at 31 Dec. 2019 2. Vanachai