year, the revenue from sale decreased 1.69 percent from consolidated. The main revenue generated from furniture as the core business decreased 1.84 from the previous year. However, the overview of total

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

, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 Unit: Million Baht 30 September 2019 31 December 2018 Increased (Decreased) Percentag e Shareholders’ equity Issued and paid-up 400.00 400.00 - 0.00% Premium

and Ft 727.0 806.7 79.7 11.0% FiT Premium 33.2 19.6 (13.6) (41.0%) Sales of electricity to Industrial Users (IU) 6.9 6.8 (0.1) (1.4%) Sales from Biomass Power Plants 767.1 833.1 66.0 8.6% Revenue from

7.5 Share Premium 703.2 603.0 100.2 16.6 Share subscription received in advance form exercise warrants 66.6 - 66.6 100.0 Unappropriated Retained earnings 1,530.2 1,651.1 (120.9) (7.3) Total shareholders

of electricity - FiT, Base tariff and Ft 851.2 788.3 (62.9) (7.4%) FiT Premium 14.6 10.1 (4.5) (30.8%) Sales of electricity to Industrial Users (IU) 9.3 8.2 (1.1) (11.8%) Sales from Biomass Power

        WHA PREMIUM GROWTH FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST / Real Estate Investment Trust (REIT) PO         WARRIX SPORT PUBLIC COMPANY LIMITED / WARRIX SPORT PUBLIC COMPANY LIMITED Common

period last year. The main reason was the revenue from furniture business in term of Baht currency appreciated from average exchange rate Baht 35.06 per USD to be Baht 31.71 per USD for the 1st quarter of

1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

export branded business, despite a decrease in export CMG and domestic branded.  Net profit in Q4/2017 was Baht 28 million, a decrease of 76% YoY due to 1) lower sales contribution of export pressuring