operating results (Unit : 1,000 Baht) Q 3 ended 30 September % changes 2019 2018 Increase (decrease) Sales 96,567 203,415 (53) Total revenues 109,760 218,153 (50) Cost of sales 120,365 194,227 (38) Selling

is differenced more than 20% compare from previous financial year same quarter as follows: 1. The company consolidated revenues from sales and services for this period increase from 66.01 MB to 76.20

is invested and operated by Thai Flavour and Fragrance CO., Ltd. Operation Results The Revenues from Operations For the nine –month period ended 30 September, the revenues from sales and rendering

the total revenues of 4,810 MTHB of which 4,776 MTHB earned from sales revenues. Sales revenues increased by 1,389 MTHB or 41.0% comparing to the same period of the year 2016, mainly from higher selling

. Financial Solutions 2.1 Enterprise Resource Planning 20.04 15.25 19.10 16.06 2.2 Accounting and Finance Outsourcing 3.49 2.66 7.64 6.42 Revenues from Financial Solutions 23.53 17.90 26.74 22.48 Sales and

Finance Outsourcing 7.97 3.13 14.03 5.99 Revenues from Financial Solutions 49.09 19.30 55.35 23.64 Sales and service income 250.05 98.31 230.04 98.26 3. Other income (*) 4.29 1.69 4.07 1.74 Total Revenues

Accounting and Finance Outsourcing 13.28 3.49 18.98 5.43 Revenues from Financial Solutions 76.56 20.12 81.33 23.28 Sales and service income 374.85 98.51 344.31 98.59 3. Other income (*) 5.66 1.49 4.91 1.41

February 20, 2019 Re: Management Discussion and Analysis for full year 2018 To: Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

performance Unit: Million Baht 2017 2016 Sales 2,055.79 1,576.09 Cost of Sales 1,844.15 1,479.34 Gross Margin 211.64 96.75 Gain (loss) on exchange rates 21.92 5.17 Other Incomes 19.91 19.09 Total Revenues

 Jiaxing increased by 2%. The IC divisions sales revenues increased 9% in Q217, with revenues of the IC division in Ayutthaya increasing by 5% and Jiaxing increasing by 28%. "HMT" the Microdisplay/RFID