(or intra business segment) transactions (2) Core EBITDA is Consolidated EBITDA less In- ventory gain/(loss) whereas Core EPS is Reported EPS less Inventory gain/(loss) and onetime extraordinary items

February 18, 2020 Re: Management Discussion and Analysis for full year 2019 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

shall not be deemed as “securities”:    1. Bills having the Ministry of Finance as the aval accepter, the payer of the full amount, the aval accepter of the issuer at the full amount or the guarantor of

our fibers business to achieve Assets full potential and Operational excellence across 13 sites of Combined PET and Integrated Oxides and Derivatives segments. As we look ahead for 2020, we feel

% Profit before FX and extraordinary items 1,790 1,688 2,293 28% 36% 3,091 3,981 29% Net foreign exchange gain (loss)2 242 (30) (5) (102%) (83%) 190 (35) (118%) Net profit 2,031 1,658 2,288 13% 38% 3,281

. This has affected the cost of goods sold, especially the fixed cost on salaries for the production that was not able to occupy full capacity. (3) Gross profit The Company and its subsidiaries’ total

value that has been revalued to reflect the current market prices of raw materials, which some items were in downtrend and the significant appreciation of Baht, resulting in higher cost of goods sold. The

obtain access to the contract. Indicate whether the issuer is required to make periodic disclosure such as disclose the evidence periodically that the issuer is not in default or that it is in full

to develop a full range of e- Payment options which will increase the efficiency of payment infrastructure development. This will support the objectives of moving towards a cashless society while

line with the increase in revenue from sales due to the fixed cost of expenditure on factory staff and erection staff that was not able to occupy full capacity and the expenses for the erection was