LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile

Contract Manufacturing Business (CMG) sales decreased 14% YoY, partly effected from the pandemic. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 692

year from Coronavirus disease (COVID-19) moreover for the Manufacturing and Export sector have also effect from customer has postpone the purchase order and delivery. For the year 2020 Filter Vision

Head office pick up • OEM/Food Manufacturing under the Company’s trademark or per customers’ demand Dessert Café and Beverages Non-Café 2 • Catering services such as parties, wedding receptions

volume, new model launch and new product launch of auto parts manufacturing business in Thailand. 2) Price adjustment of Portugal operation started to reflect in Q3 2022. 3) New model launch and adding of

products and continued order from overseas customer for auto parts manufacturing business. Selling and administrative expenses increased by 0.2% from Baht 455.5 million in Q3 2022 to Baht 456.5 million in Q3

13.0% in Q4 2022 to 11.5% in Q4 2023 due to lower production volume of automotive parts manufacturing business. However, Gross profit margin was within our target Gross profit margin of 10-12% Selling

lower production volume of automotive parts manufacturing business, mainly from Thailand operation. Selling and administrative expenses increased by 4.4% from Baht 440.4 million in Q1 2023 to Baht 459.9

, with the total value of THB 195,000,000; and (2) To allocate 185,314,690 newly issued shares, having a par value of THB 1, to support an exercise of conversion right of Convertible Debenture, with an

operation of water supply in Phuket and Phang-Nga, and forecast investment budget and seeking contractor to preparation in the project area for reservoir and plumbing along the road to support the water