of 46%. The Company would like to clarify a significance change of Group’s operation results were summarized as follows 1. Revenue from sales of goods and rendering of services for the six-month period

decrease loss of 83%. The Company would like to clarify a significance change of Group’s operation results were summarized as follows 1. Revenue from sales of goods and rendering of services for the nine

May 12, 2020 Re : Management Discussion and Analysis for Q1/2020 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

236.2 million. Whilst revenue from rental and rendering of services increased 14.7% from THB 29.3 million to THB 33.6 million due to new tenants at Bangna Warehouse. Gross profit margin from both sales of

2016, the net profit amount of Bath 84.03 million. In 2017 net profit is decreased by Baht 189.752 million Baht or 225.82% which details are as follows; (1) Revenue from sales In 2017, the Company and

for 6-month period ended June 2018 2017 diff % 2018 2017 diff % Total revenues 800 558 242 43% 1,267 916 352 38% Revenue from sales 606 378 229 61% 1,062 721 341 47% Revenue from services 5 8 (3) -34

additional depreciation from new outlets. 95.78% 95.68% 4.22% 4.32% YE17 YE18 Sales Other income 64.83% 61.39% 35.17% 38.61% YE17 YE18 House brand Other brand Revenue Component Sales Component by Brand 3 4

25.95 1,140.20 165.56 1,266.82 Revenue from sales electricity 90.50 89.30 - - 90.50 89.30 Revenue from sales and services 4.67 3.53 - 1,120.54 4.67 1,124.07 Dividend income 32.34 - - - 32.34 - Other

detail as follows: I. The operating revenue breakdown by business segment In the second quarter of 2019, the Company and its subsidiaries’ revenue from sales of real estate decreased from the same period

increased by 5.03%. The main reasons were as follows: 1. Cost of manufacture and sales of biodiesel, Edible oil and By-Product in the fiscal year 2015 2014 was THB 3,419.00 million or 100.02% of revenue and