Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital

transaction : To operate the business of selling WIENNA products (6) Acquired assets details : Details of assets Total assets value (Excluding VAT) 1. Furniture and decoration items in 12 WIENNA shops and 7

business is warehousing inventory management and nationwide delivery service. 3. Relationship  Joint Majority Shareholders are as follows: - Saha-Pathana Inter-Holding Plc. holds 19.00% of Tiger

and investment are all parts of the circle of economic growth. Larger fund flows in the capital market mean more potential capitals for business expansion, which in turn can promote economic growth and

“Mikka” in 3 locations - Pattanakarn 25, Sathorn, and Lalaisap Market. Thanks to the pandemic that has created the work-from-home culture, which has boosted the food delivery sales to its peak. Our newly

Mn % (1) Revenue from Restaurant Business 665.2 90.0% 214.8 68.4% -67.7% Revenue from Sales of Raw Material 49.0 6.6% 17.7 5.6% -63.9% Revenue from Food Delivery & Catering 18.3 2.5% 67.8 21.6% 270.5

resulted from the delay of project to improve and add CCTV which had a low gross margin as well as the increase in cost of ERP project incurred during the final delivery period. Retail business In 3Q17, the

4,151.37 million of last year. The revenues from service business of the year 2019 amount Baht 2,678.34 million was decreased of Baht 680.29 million or 20.25% from the revenues from services business of Baht

. The operation under Paragraph 1(1) may be proceeded through a derivatives business operator approved by the SEC or registered with the SEC Office or through a person granted an approval in accordance

(1) may be proceeded through a derivatives business operator approved by the SEC or registered with the SEC Office or through a person granted an approval in accordance with the Notification of the