V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

, total revenue stood at THB 12,189 mn and net profit stood at THB 1,890 mn). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result

, total revenue decreased by 31.8% and net profit decreased by 65% YoY). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result of

8.6% 40.98 53.0% Non-Current liability 29.96 2.4% 57.26 4.2% 27.30 91.1% Total liabilities 107.31 8.7% 175.59 12.8% 68.28 63.6% Net Assets 1,119.48 91.3% 1,197.19 87.2% 77.71 6.9% Equity 1,119.48 91.3

Ref. AU 009/2017 - Translation - 15 May 2017 To: Director and the President The Stock Exchange of Thailand Management Discussion and Analysis for the three-month period ended 31 March 2017 After You

Ref. AU 011/2017 - Translation - 11 August 2017 To: Director and the President The Stock Exchange of Thailand Management Discussion and Analysis for the six-month period ended 30 June 2017 After You

After You Pcl. 1319/9 Pattanakarn Rd. Suanluang, Bkk 10250 Thailand E-mail : ir@afteryou.co.th www.afteryoudessertcafe.com Page 1 of 4 Ref. AU 8 /2018 10 August 2018 Subject: Management Discussion

Tarsit, Amohoe Pluag-daeng, Rayong Branch 2 / 38 Moo. Tambon Tarsit, Amohoe Pluag-daeng, Rayong KWM 001/2561 September 28th, 2018 Subject : Management Discussion and Analysis for the quarter ended June 30

After You Pcl. 1319/9 Pattanakarn Rd. Suanluang, Bkk 10250 Thailand E-mail : ir@afteryou.co.th www.afteryoudessertcafe.com Page 1 of 5 Ref. AU 10 /2018 11 November 2018 Subject: Management Discussion

, 2020 Subject Management’ Discussion and Analysis for the 1st Quarter in 2020 To Directors & Managers The Stock Exchange of Thailand Inter Pharma Public Company Limited (“the Company”) hereby submitting