Stock Exchange of Thailand Union Pioneer Public Company Limited would like to clarify the net profit for the 1st quarter of the year ending on 31st March 2020. The Company had revenue from sales at 158

4.21 million (earnings per share of Baht 0.42), the increase of profit was Baht 2.62 million. However, the operating results for the six-month period ended on the same date, the Company reported a loss

an increase in trade and other receivables of Baht 24.08 million, with a decrease in inventories of Baht 3.81 million. Liabilities Total liabilities of the Company and its subsidiaries were Baht 60 .1

Assets The Company and its subsidiaries had total assets of Baht 525.87 million as at December 31, 2019, surging by Baht 330.40 million or 169.03% from December 31, 2018 due to an increase in cash and cash

0.38 0.04 11.76% Total Revenue For the nine-month period ended 30 September 2019, the Company and its subsidiaries earned a total revenue of THB 1,286.92 million, an increase of THB 228.07 million or 2

No. MVP005/2020 21 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company

increase in trade receivable and other receivable and property, plant and equipment, and intangible assets increased as the company bought fixed assets and software to use in the operation during the period

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 948.70 million in Q2/2017

period of 2018 To : The President of the Stock Exchange of Thailand The Company would like to provide details of changes in Profit and Loss as shown in the six-month period ending 30 June 2019 reviewed

. Due to this business has low gross profit margin, to build up more sales revenue will result in good net profit. Sales revenue The Company had total sales revenue of Baht 923.6 million in Q3/2018