subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2018 MANAGEMENT DISCUSSION

previous year in an amounting of Baht 155.73 million or 32.74 percent which can be divided into business segments as per information in following table Revenue by Business Segments For J-month period ended

offer different products and services and are managed separately because they require different business operation and marketing strategies. The new segments are comprised of 3 segments as the following

portion of the agreement as a payment guarantee and to improve the debt collection period in order to reduce the risk of debt repayment in the future. 4. Are the following transactions considered as a

segments as the following; 1) Beverage (includes C-Vitt and Calpis) 2) Personal Care and 3) Others (includes OEM, healthcare, confectionery and others). FY2018 and Q4’18 numbers have been restated

from THB 24.6 Mn to THB 3.7 Mn respectively, a decrease of THB 20.9 Mn or 85.0%. This was due to the repayment of loans from commercial banks following the initial public offering. Tax Expenses For the

2019 • Revenue from Dessert Café in Q4/2019 was THB 259 million which increased by THB 29 million or 13% from Q4/2018 due to 6 more branches compared to Q4/2018; however, SSSG dropped following the weak

December 2019, The Company had cash and cash equivalents of 792.4 million baht due to the following activities: The Company had cash flow of 1,902.4 million baht from operating activities, mainly due to the

addition, the 2020 Annual General Meeting of Shareholders is scheduled on 22 April 2020 will the following agenda: Agenda 1 To approve the Minutes of the 2019 Annual General Meeting of Shareholders held on

million, a 3.0% increase from 2018. The breakdown of the Company’s Revenue and Share of Profit from Investment and Dividend Income by category of power plant are following (Unit: Million Baht) Power