writer Ref. No. 158/2562 November 13, 2019 SUBJECT : Management Discussion and Analysis ending September 30, 2019 ATTN : The President Stock Exchange of Thailand The Company realized profit for the

929,354 (18,647) (2.01%) Gross profit margin 315,647 325,527 (9,880) (3.04%) Selling Expenses 91,735 88,001 3,734 4.24%) Admin Expenses 89,134 79,800 9,334 11.70%) Net profit 106,678 128,745 (22,067) (17.14

81.8% to 91.5% that was higher ratio than the increase of selling price. As a result, the company had profit for the period at Baht 9.2 million, a decrease of 80.7 million Baht or 89.8% from the same

Company Limited and its subsidiaries (hereafter referred to as the “Company”) would like to clarify the Company’s operating results of the quarter 1/2020 ended March 31, 2020. The Company had the net profit

Stock Exchange of Thailand The operating performance for three-month period end of 31 March 2020 of Mahachai Hospital Public Company Limited compared to the prior year was decreasing in net profit

Stock Exchange of Thailand The operating performance for year end 31 December 2019 of Mahachai Hospital Public Company Limited compared to the prior year was decreasing in net profit amounting to Baht

the three-month periods ended on March 31, 2020 and 2019 Unit: Million Baht Profit and Loss Statement Consolidated Financial Statement Comparison of Haft-Yearly Separate Financial statement In(De)crease

management. Based on the Company's financial statements for the 3 months ended March 31, 2020 Business specific quarterly financial statement ended on 31 March 2020 indicates the net profit of 2. 90 million

decreased total sales revenue of Baht 164.19 million or 14.41% compared to the same period last year, resulting in lower gross profit of Baht 26.76 million or 7.56% compared to the same period last year. 3

For the Q1/2020 period ended of March 31, 2020 operating result of S.Pack & Print Public Company and Its Subsidiary in Statement of Comprehensive Income net profit 10.71 Million Baht in comparison with