4,508 million, an increase of THB 754 million or 20.1% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1

Limited and its subsidiaries For the Three-month period and Nine-month period ended 30th September 2017 1. Overall performance Consolidated financial results of Patum Rice Mill and Granary Public Company

Limited and its subsidiaries For this year ended 31st December 2017 Overall performance Consolidated financial results of Patum Rice Mill and Granary Public Company Limited and its subsidiaries for this

overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from appreciation of Thai Baht against US Dollar. However, those negative impacts were

million and Baht 189.47 million, respectively, resulting in an overall growth rate of 75.17%. Cost of hospital operations The cost of hospital operations amounted to Baht 146.47 million and Baht 277.32

follows:  Motorcycle Tire and Tube Business: The sales proportion of Motorcycle Tires & Tubes was classified by channels of distribution which are Export, Original Equipment Manufacturer (OEM) and

Ended December 31, 2018 To The President The Stock Exchange of Thailand Management Discussion and Analysis Consolidated Financial Statements For Financial Year ended December 31, 2018 Overall Group

overall sales volume, the Company and its subsidiaries brought 1.6% growth of Gross profit margin versus 2017 by the strong contribution of Epicerol® business. 2. In 2018, distribution costs, administrative

1,554.5 1,174.8 1,557.6 379.7 32.3 (3.1) (0.2) Profit for the period 123.0 96.8 121.6 26.2 27.1 1.4 1.2 Overall in the Q2–2023, the Thai economy slightly improved from the previous quarter due to the

Page 1 of 5 - Translation - Ref. WINNER 0018/2019 May 13, 2019 Re Management Discussion and Analysis (MD & A) for Q1/2019 To The President The Stock Exchange of Thailand 1. Analysis of Overall