-5.04 -25.4% Administrative expenses 25.75 25.02 0.73 2.9% Total expenses 741.40 690.89 50.51 7.3% Earning before interest and tax 75.54 61.16 14.38 23.5% Financial expenses -1.64 -2.72 1.08 -39.7% Share

Public Company Limited (“TSE”) of 181.75 million shares, which represents 10.01% of issued and paid- up shares of TSE at the total value of 925.11 Million Baht or 5.09 Baht per share to Miss Cathleen

of July-December 2018 at Baht of 0.03 per share. The total outstanding shares entitled for the dividend is 4,554,643,575 shares and total dividend amount is Baht 136,639,307, the record date for the

expenses 115.49 106.14 9.35 8.8% Total expenses 3,065.73 3,066.16 -0.43 0.0% Earning before interest and tax 253.50 341.41 -87.91 -25.8% Finance cost -5.55 -4.83 -0.72 14.9% Share of profit from investment

the present year increased by 17.9 percent. 1.7 Share of income from investment in associate In April 2009, the Company invested in the ordinary shares of Mory Lohakit (Thailand) Co.,ltd. by holding 49

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

1.27 8.6% Administrative expenses 28.79 25.75 3.04 11.8% Total expenses 788.14 741.40 46.74 6.3% Earning before interest and tax 71.92 75.54 -3.62 -4.8% Financial expenses -1.33 -1.64 0.31 -18.9% Share

non commercial factors "!*##(?#* !#" \% C?#O#"„ ! ! ̀* L,#$ SET ! ?#()R%N #$S"/+̀#$%(!'#)&P*'# .'&P*'#%#S *!#"!K!̀OO*" SET Market value and share of Asia Pacific Market Value 0 20 40 60 80 100 120 140

% Administrative expenses (109.5) (15.3) (512.5) (29.3) 368.0% Finance costs (Interest expenses) (68.6) (9.7) (205.5) (11.7) 200.0% Other income 83.8 11.7 83.8 4.8 0.1% Share of profit (loss) from investment in an

holding of 51%). However, The Group still focused on managing and controlling cost to be continuously achieve maximum efficiency. Even through, the first half year of 2020 is a challenging half year for the