set-q1-61 (Translation) Ref.No.LEE 09/2018 May 14, 2018 Subject : Management Discussion and Analysis for the first quarter ended March 31, 2018 To : President of The Stock Exchange of Thailand We

operating result for Q1/2018 more than 20% Attention : The Director and Manager of the Stock Exchange of Thailand For the Q1/2018 period ended of March 31, 2018 operating result of S.Pack & Print Public

จดหมายชี้แจงq261e August 14, 2018 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 June 2018 Summary on Second Quarter

จดหมายชี้แจงq361e November 12, 2018 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 September 2018 Summary on Third Quarter

Ref: SP 2020/008 Date : May 14, 2020 Subject : The Explanation to SET concerning the operating result for Q1/2020 more than 20% Attention : The Director and Manager of the Stock Exchange of Thailand

บริษัท สำนักกฎหมายธรรมนิติ จำกัด Page 1 of 2 No. NDR006/2018 Date: 23 February 2018 Subject Management Discussion and Analysis (MD&A) Report for Q4/2017 Attention Directors and Manager, The Stock

Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A for the year 2017 as of 31 December 2017 as follows: QoQ % YoY % THB'm % Net sales 212.16

21.34 percent are finished products, 22.32 percent are work in process and 38.20 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting policy

range of 13.00 Baht/Kilogram. Therefore, the raw materials cost used in production were a little bit higher than the selling price in 2018. However, the Company had been managed inventories turnover rate

7.00 Baht/Kilogram, while in was more fluctuated with the range of 13.00 Baht/Kilogram. Therefore, the raw materials cost used in production were a little bit higher than the selling price in 2018