* Note Please find further information in the consolidated financial statements. 1 12th November, 2019 Subject: Management Discussion & Analysis (MD&A) for the 3rd quarter of 2019 Attention: The

. 023 / 2019 November 14, 2019 Subject Explanation of the operating performance for 3-month period ended September 30, 2019 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public

(Translation) Ref.No.LEE 04/2020 14 May, 2020 Subject : Management Discussion and Analysis for the first quarter ended March 31, 2020 To : President of The Stock Exchange of Thailand We submit

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