Feed Mill Public Limited (the “Company”) held the Board of Directors’ Meeting No.4/2020 on 14 may 2020, the Board of Directors’ Meeting passed a resolution to approve the share purchase of 1,375,000

executed the Share Purchase Agreement with the existing shareholders of Akkrawat Crop Rotation Energy Company Limited (“Akkrawat”) in the amount of 25,000 shares, representing 50 percent of the total

%, because the price of natural rubber, which is the main raw material for production, decreased. • Selling expenses decreased 2.46 million baht or 6.04 % due to higher operating efficiency and other expenses

significantly, but the price of imported raw materials were on a continuous upward trend, thus the cost of raw material increased consequently. Total labor cost including requirement of outsourced labors

Company’s working capital is indirectly subsidized via trade creditor in form of loan and via business partners in form of raw material supported for production (under Collateral Management Agreement – CMA

quarter of 2017. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is

all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. Management’s Discussion

holders of the Company 167 167 146 21 14% 156 156 149 7 5% Earnings per share (THB/share) 0.28 0.28 0.24 0.03 14% 0.26 0.26 0.25 0.01 5% Note: The new financial reporting standards were reflected in

50,000,000 (divided into 500,000 shares) Par value: Baht 100 per share Paid-up capital: Baht 50,000,000 Type of the acquired asset: Ordinary shares in the amount of 250,000 shares, or equivalent to 50 percent

in total; THB 48,500,000 for Dried Fruits business and THB 25,500,000 for FD new ordinary share (51 percent of registered and paid-up capital) Value of the Acquired Assets 1. 51 percent of new ordinary