Consolidated Financial Statements ended 31 March 2020, which have been reviewed by the Company’s authorized auditor. The Board of Directors deemed appropriate to appoint the said authorized auditor to perform

Company’s statements of financial position as of March 31st, 2020 compared to that of December 31st, 2019. The impact of the new financial reporting standards The adoption of Thai Financial Reporting

1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

loss for the period amounting to 2.17 Million Baht. As at 30 June 2020, the Group’s Current ratio was 1.40 times which mean the company’s liquidity to payment on short-term liability was still high

of 2019. A summary of the Company’s operating performance in the second quarter of 2020 and 2019 is shown in the following table: 2Q20 1Q20 % Change 2Q19 % Change [Amount in Baht Million] Q-o-Q Y-o-Y

Company’s beverage facilities at Navanakorn Industrial Estate. The loss was fully covered by Insurance claim from both property damaged in assets and business interruptions. In March 2020, the value of the

28 .4 percent. Due to the company earns more from the debt collection from the receivables. Especially in this group that has fully amortized of the investment value. The detail of the Company’s

1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in changing in many

1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 < Translation> 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in

capital increase above, the Company’s shareholding in KTMS shall increase from 70.00 percent to 77.3 percent. The details of KTMS's shareholding structure are as follows: Shareholders Before capital