, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited ( “ the Company” ) would like

Ref. FN. 036/2017 Management Discussion and Analysis For operation of the second quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

the increased in number of staff and management to support Testing and Inspection service business, especially in eastern region. The staff cost has been increased 92.75% compared to the same period of

Ref. FN. 040/2017 Management Discussion and Analysis For operation of the third quarter of year 2017 FN Factory Outlet Public Company Limited was founded in 2000 and has been operated the outlet

well as a result from the better cash flow management. 2. The increase of the capital in a joint venture in the amount of THB 164 million 3. The decrease of the land, buildings, and equipment in the

assets of S&P Restaurants Limited as well as a result from the better cash flow management. 2. The increase of the capital in a joint venture in the amount of THB 164 million 3. The decrease of the land

Million Baht, accounting for 30.79% from last year as the increased in number of staff and management to support Testing and Inspection service business, especially in eastern region. The staff cost has

* Excludes foreign exchange rate effects and gain on equity interest in an associate] Sales Revenue Consolidated sales revenue in Baht terms declined slightly to Bt3,113.9 million in 1Q19, representing a

account amounting of 2.33 Million Baht for LPG trading business due to the liquidity issue of Gas station customers. Moreover, the Group has increased in number of staff and management to support Testing

SAAM Energy Development Public Company Limited - 1 - 4 January 2019 Subject: Management Discussion and Analysis for the 9-month ended 30 September 2018 To: The President of the Stock Exchange of