หน้า 1 จาก 4 February 27, 2020 Subject Management Discussion and Analysis for the year 2019 ending December 31,2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company

Public Company Limited; Compensation for business design and the hiring of Cherdchaiwon Company Limited for production and installment of hydraulic platform for Carnival Magic Project, developing under

related party transaction of Safari World Public Company Limited; Compensation for business design and the hiring of Cherdchaiwon Company Limited for production and installment of hydraulic platform for

city, rather than placing a fewer number of locations within a higher number of unique cities. This also allows the Company to gain efficiencies effectively in regards to distribution, production and

leaders in the market with our restaurants and café concepts. The company will transfer the kitchen production currently at the Cube restaurant to a central production facility in Q3, 2017. This will allow

2014. Due to decreased in Biodiesel production as mentioned above and the Company used most of its by-products as raw materials in B100 production to reduce Biodiesel’s production cost, which made

10,608 / ton or 61.93%, comparing to the 1st quarter of 2014. Due to decreased in Biodiesel production as mentioned above and the Company used most of its by-products as raw materials in B100 production to

assets which are part of the Company‟s business in production and selling of painting products including land and building, machinery and equipment and inventory, and shall gradually transfer intellectual

products that the company outsourced production was 11.9%, an increase from 8.8%, mainly due to ready-to-drink coffee, contributed approximately 75% of this product group, experiencing higher costs in

its production, the Company expects additional capacity of 384,000 birds a day by 2020. Additionally, McKey, a joint venture, is in the process of construction of new further processing factory to