2020, although total Profit for the year were significantly decrease from the previous year due to the COVID-19 pandemic, resulting in the decline sale of products in the banking and export sector

profit decreased by 30.09% to Baht 47.31 million from Baht 67.67 million in the comparable quarter of 2019. The clarification of the Company operating results is as follows: Revenue from Sales During the 1

5.52 14.57 Profit before share loss from investment in joint venture and income tax 2.90 2.83 2.87 2.60 0.27 10.54 Share of loss from investment in joint venture - (1.53) - - - - Profit before income tax

profit margin was mainly in related to differences in product mix as compared to previous year. 3. Selling and Administrative Expenses For the third quarter of year 2017, the Company’s SG&A expenses was Bt

73 1 / 4 (Translation) Ref. MD.005/2020 28th February 2020 Subj Management Discussion and Analysis (MD&A) of 2019 (Edit) Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and

73 1 / 4 (Translation) Ref. MD.005/2020 28th February 2020 Subj Management Discussion and Analysis (MD&A) of 2019 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary

Our Ref : No.V 009 /2018 February 26,2019 Subject : Explanation for operation of the year 2018 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

1 - TRANSLATION - VS/PC (Q-Con) 026/2017 July 27th, 2017. Attention Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis the second quarter ended 30 June 2017

Our Ref: No.V 034/2017 August 11,2017 Subject : Explanation for operation of 2nd quarter of year 2017 Attn : Managing Director The Stock Exchange of Thailand Enclosed please find the financial

Our Ref : No.V 07 /2018 February 26,2018 Subject : Explanation for operation of the year 2017 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to