income 31.38 26.23 5.15 19.6% Total revenue 3,407.57 3,226.05 181.52 5.6% Cost of goods sold & service 2,893.97 2,773.60 120.37 4.3% Selling expenses 66.05 67.99 -1.94 -2.9% Administrative expenses 106.14

2017 was due to the low efficiency in asset utilization. At present, PCCA’s production capacity for cosmetic products accounts for approximately 40 percent of the total production capacity. Moreover

that, according to the Financial Statements for the 3 months Q3/2017 period, as ended on September 30, 2017, the Company and Subsidiary Companies achieved Total Net Profit of Baht 368.5 million, an

Analysis (MD&A) Report for the Three Month Period (Q3/2018) Attention: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company”) would like to present the MD&A

Proportion : Present Capital increase New List of Shareholders Registered capital THB 30 millions Registered capital THB 50 millions Registered capital THB 80 millions 6,000,000 share 10,000,000 share

the previous Quarterly To: The President The Stock Exchange of Thailand At present, the Thai economy and other countries in the world, there are clear direction of growth in the downtrend. The rate of

proportion of 99.99% which more than 50% of the Lessor’s total voting shares 3. General description of the transaction This connected transaction is transaction relating to rental of real estate for not longer

Land Lease Agreement (In the present, the Company has rented the factory area 750 square meters and office building 200 square meters 1/) for the production of adhesive and oil paint, which are the

Transactions B.E. 2546 in the category of assets or services, with the total transaction size more than 0.03 percent, but less than 3 percent of the Company’s net tangible assets, therefore, the Company is

17.60 1.88% 28.28 5.26% -10.68 -37.78% Total Income 936.78 100.00% 537.52 100.00% 399.26 74.28% Expense Cost of sales 746.55 79.69% 326.94 60.82% 419.61 128.34% Selling expenses 51.52 5.50% 57.61 10.72