), all due to the significant changes as follows: 1. Total revenue from sale of goods in the number of 2,672.4 million Baht was increased by 49.1 million Baht or 1.9% from the previous fiscal year. The

to consider and approve the statements of financial positions and the comprehensive income statements of the Company for the fiscal year ended December 31, 2018 which was approved by the Audit

sale of goods in the number of 9,607.12 million Baht was increased by 327.33 million Baht or 3.53% of the previous fiscal year. The sale growth rates compared to the year of the previous fiscal year are

ทดสอบกระดาษหัวจดหมาย IRC 5 -Translation- November 22, 2019 Subject: Management Discussion and Analysis Fiscal Year 2019 To: Managing Director The Stock Exchange of Thailand Inoue Rubber (Thailand

previous fiscal year. The sale growth rates compared to the previous fiscal year are from our 3 business categories as follows: - Aeroflex increased 5.0% - Aeroklas decreased 10.4% - Eastern Polypack

2018 Annual General Meeting of Shareholders to acknowledge the report on the Company’s business operation for the fiscal year ended March 31, 2018; 2. Approved to propose to the 2018 Annual General

Revenues Consolidated financial statements (Thousands Baht) Nine-month Change 3nd Quarter Change 2562 2561 Amount % 2562 2561 Amount % Revenue from sales 1,727,237 1,168,546 558,691 47.81% 659,160 427,881

. Revenues (Thousands Baht) Year Change 4th Quarter Change Amount % Amount % Revenue from sales 1,566,147 1,477,687 88,461 5.99% 437,506 371,485 66,021 17.77% Other income 19,457 14,472 4,985 34.45% 6,968

Revenues Consolidated (Thousands Baht) Year Change 4th Quarter Change 2018 2017 Amount % 2018 2017 Amount % Revenue from sales 1,540,078 1,566,147 -26,069 -1.66% 371,532 437,506 -65,974 -15.08% Other income

Revenues Consolidated financial statements (Thousands Baht) Six-month Change 2nd Quarter Change 2562 2561 Amount % 2562 2561 Amount % Revenue from sales 1,068,077 740,665 327,412 44.21% 512,616 372,742