milk, drinks 564.30 472.24 1,071.06 975.79 92.06 19.49 95.27 9.76 Immovable property business 3.06 3.47 6.10 6.42 (0.41) (11.82) (0.32) (4.98) Agriculture and dairy farm 13.66 15.33 29.38 32.43 (1.67

-drink milk, drinks 599.30 498.91 1,670.36 1,474.70 100.39 20.12 195.66 13.27 Immovable property business 2.96 3.15 9.06 9.57 (0.19) (6.03) (0.51) (5.33) Agriculture and dairy farm 12.44 13.73 41.82 46.15

ready-to-drink milk, drinks 602.33 564.30 1,230.38 1,071.07 38.03 6.74 159.32 14.87 Immovable property business 1.23 0.47 0.95 0.87 0.76 161.83 0.08 9.67 Agriculture and dairy farm 13.72 13.66 32.69 29.38

- drink milk, drinks 290.89 179.68 767.79 526.20 111.21 61.89 241.59 45.91 Immovable property business 4.69 4.71 14.16 14.09 (0.02) (0.42) 0.07 0.50 Agriculture and dairy farm 10.88 13.79 42.97 48.93 (2.91

- drink milk, drinks 472.24 276.36 975.79 476.89 195.88 70.88 498.90 104.62 Immovable property business 3.47 4.76 6.42 9.48 (1.29) (27.10) (3.06) (32.28) Agriculture and dairy farm 15.33 14.80 32.43 32.09

- drink milk, drinks 276.36 178.92 476.89 346.52 97.44 54.46 130.37 37.62 Immovable property business 4.76 4.72 9.48 9.38 0.04 0.85 0.10 1.07 Agriculture and dairy farm 14.80 17.76 32.09 35.14 (2.96) (16.67

milk, drinks 178.92 106.37 346.52 213.90 72.55 68.21 132.62 62.00 Immovable property business 4.72 2.82 9.38 5.53 1.90 67.38 3.85 69.62 Agriculture and dairy farm 17.76 10.44 35.14 20.57 7.32 70.11 14.57

- drink milk, drinks 179.68 132.63 526.20 346.53 47.05 35.47 179.67 51.84 Immovable property business 4.71 3.59 14.09 9.12 1.12 31.19 4.97 54.49 Agriculture and dairy farm 13.79 8.93 48.93 29.50 4.86 54.42

ชี้แจงผลการดำเนินงานของบริษัทและบริษัทย่อยประจำปี 2549 UKEM021/2019 November 13, 2019 Subject : Management Discussion and Analysis of Business Operation results for Quarter 3/2019 To : Director and

The Securities and Exchange Commission (SEC), in collaboration with the Federation of Thai Capital Market Organizations (FETCO) and the Thai Digital Asset Operators Trade Association (TDO), co