foreign. The global and Thai economy are slowdown, which impacts on the decrease in the production of Thai automobiles and motorcycles. The Company, as the 1st Tier and 2nd Tier rubber part manufacturer

lowered, and the cancellation of the reclassification of fixed costs at the new factory had incurred as a result of lower-than-normal production capacity to administrative expenses. Consequently, the

impacted the European car production volume. European car production reduced from 21.2 million cars in 2019 to 15.7 million cars in 2021. Dealership business in both Thailand and Malaysia slightly improved

2017 was due to the low efficiency in asset utilization. At present, PCCA’s production capacity for cosmetic products accounts for approximately 40 percent of the total production capacity. Moreover

Management Discussion and Analysis for the year 2023 2 Thailand car production decreased by 12.3% in Q4 2023. The decrease in revenue was due to the following reasons: 1) Automotive Parts Business; Lower

stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29% Core

(except where stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29

LIMITED L&E: LIGHTING & EQUIPMENT PUBLIC COMPANY LIMITED LALIN: LALIN PROPERTY PUBLIC COMPANY LIMITED LANNA: THE LANNA RESOURCES PUBLIC COMPANY LIMITED LDC: LDC DENTAL PUBLIC COMPANY LIMITED LEE: LEE FEED

: KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED KWI: KWI PUBLIC COMPANY LIMITED KWM: K. W. METAL WORK PUBLIC COMPANY LIMITED KYE: KANG YONG ELECTRIC PUBLIC COMPANY LIMITED L&E: LIGHTING & EQUIPMENT PUBLIC COMPANY

PUBLIC COMPANY LIMITED LEASE IT PUBLIC COMPANY LIMITED LEE FEED MILL PUBLIC COMPANY LIMITED LEO GLOBAL LOGISTICS PUBLIC COMPANY LIMITED LH FINANCIAL GROUP PUBLIC COMPANY LIMITED LIGHTING & EQUIPMENT PUBLIC