-9320 1 Ref: PCL 2020/011 May 11, 2020 Subject: Management Discussion and Analysis for the 3-month period ended 31 March 2020 To: The President of the Stock Exchange of Thailand Panjawattana Plastic

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founding members have established the Libra Association in Switzerland. This non-profit organization aims to drive and take care of Libra issues including blockchain and management of related assets

income 47.97 100.00 79.46 100.00 (39.63) Costs 18.79 39.17 42.14 53.03 (55.41) Administrative expenses, finance costs and share of loss from associates 37.52 78.22 29.56 37.20 26.93 Management benefit

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