Page 1 of 5 26 February 2019 Subject Management Discussion and Analysis for the year ended December 31, 2018 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited

the weakening in the semiconductor industry in 2019 and high capital expenditure in 2018. Generally, capital expenditure for production equipment will follow the increase in sales, particularly in the

2011 and completion of the building construction in Cambodia. Generally, capital expenditure for production equipment will follow the increase in sales, particularly in the IC division. However, there is

Taokaenoi Food & Marketing Public Company Limited (“Company”) would like clarify the revenue from sales and net profit in the consolidated financial statements for the year ended December 31, 2018 as follow

Accounting Estimate which has to follow the IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors. Such change in estimated useful lives was approved in principal by the Audit Committee’s

the transaction. 4.1) The Connected Transaction that occurred during the period of 6 months before the date that the company renew the transaction with the person and close-relative, are as follow

capital. Transactions details are described as follow : 1) Date of transaction occurs: 28 February 2019 2) The parties involved : Buyer Excellent Rubber Co., Ltd. [ERC] Buyer Advantage Footwear Co.,Ltd

registered capital. Transactions details are described as follow : 1) Date of transaction occurs: 28 February 2019 2) The parties involved : Buyer Excellent Rubber Co., Ltd. [ERC] Buyer Advantage Footwear Co

venture company between VI and Absolute Hotel Services Hong Kong Limited, engage in hotel management services in Asian countries ( excluding Thailand). The details of the company are as follow: Company name

1.46% , the details of the change are as follow : 1.1 Current asset as at September 30, 2017 of Baht 173.57 million decrease by Baht 47.54 million or 21.50%, due to cash and cash equivalents decrease