Date : May 15, 2020 Subject : Management Discussion and Analysis for the Quarter 1/2020 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products Public Company Limited would

. Miss Kanoknart Ratanasuwanachart Board of Director Authorized Persons to Disclose Information

, (Mr. Somboon Fusriboon) Managing Director

Finance Director

ทดสอบกระดาษหัวจดหมาย IRC 5 -Translation- 11 May 2020 Subject: Notification of a Related-Party Transaction To: Managing Director of the Stock Exchange of Thailand Please be informed that the Board of

renovation project. Therefore, the Company reported net loss in Q1 2020 amounting to Baht 48.6 million when compared to Q1 2019’s net profit of Baht 10.9 million. Ms. Siriwan Chamnannarongsak Finance Director

Issarapornpat) Director and Acting on behalf of Company Secretary

to the timing differences of taxable income or expenses. Please be informed accordingly. Yours sincerely (Mr. Wichai Intaranukulkij) Managing Director

Officer and Managing Director

. Best regards, Sawai Chatchairungruang Managing Director