. 2547 (2004) dated 29 October 2004 (the “Notification of Acquisition or Disposal of Assets”) The transaction value is 10.34 percent of the Company’s total assets from the audited consolidated financial

No. INGRS059 14 September 2020 Subject : Management Discussion & Analysis (MD&A) for the consolidated financial statements of the 2nd quarter ended 31 July 2020 To : The President The Stock Exchange

following details. Financial performance Statement of income Consolidated financial statements for the year 2018 2017 Change (Audited) (Audited/Restated) Increase (Decrease) THB Million % THB Million % THB

less than 50.17% over the transaction period. - 2 - Transaction size The calculation of the transaction value is based on the financial information set out in the consolidated financial statements of the

The Company performance and its subsidiaries for the second quarter of 2019 from the consolidated financial statements with the net profit of 137.0 million Baht, increased from the second quarter of

Assets B.E. 2547 (“Notification of the Acquisition or Disposition”). The highest transaction size is 48.48 percent according to the consolidated financial statements for the period ended September 30, 2018

there was no such tax benefit from IPO expense as in 2016. Financial Position : Consolidated Balance Sheet Mar. Mar. Dec % Change Mar.18- Mar.18- Unit : THB million 2018 2017 207 Mar.17 Dec.17 Cash and

proceeds. Financial Position : Consolidated Balance Sheet Dec Dec % Change Dec.17- Unit : THB million 2017 2016 Dec.16 Cash and temporary investments 666.92 711.34 -6% Trade receivables 223.10 203.93 9

Company 1,395.82 1,305.72 7% Non-controlling interest 3.99 3.33 20% Total shareholders' equity 1,399.80 1,309.05 7% Financial Position : Consolidated Balance Sheet Page 4 of 4 Ratio Analysis of Financial

efficiently in control. Statement of Financial Position as of June 30, 2020 The consolidated total assets as of 30 June 2020 marginally changed from end of Y2019. There was the flow of asset from cash to fixed