( “ the Company” ) would like to submit our management’s discussion and analysis for the fiscal year ended December 31, 2019, as follows: For the year ended December 31 Change 2019 2018 MB MB % Sales

Baht 24.46 million, a decrease of 62.93% compared to 2017. Final earnings per share resulted at Baht 1.15. Total Revenues 2018 2017 Change (Million Baht) (Million Baht) (%) Sales 2,020.63 2,147.64 (5.91

., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 142/2560 August 8, 2017 Subject: Clarification of the Operating Result for the significant change Attention

THB 0.40 per share; which reflected another strong performance of GFPT group. For capital structure of the Group, as at September 30, 2017, the consolidated debt to equity ratio was 0.42: 1 and the net

. Table 1 : Sales Revenue by Product Line for the Three Months period ended 30 June (3M YoY) Sales by geography Consolidated financial statements Change Increase/(Decrease) For Three Months Period Ended 30

maintain an adequate cushion for NPL in the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) H1 Change 2/2019 1/2019 2/2018 1/2019 2/2018 2019 2018

in Hotel Business. Other Business growth came from the gain from the sale of investments, the share of profit from investment in food business (as invested in 1Q18), and gain on foreign exchange rate

Baht per share, the disposal value of Baht 115 million, and the Company was paid for the disposal of such share proportion on August 15, 2017, resulting in the change of the Company’s shareholding

. Registered name was ALP FPI PARTS PRIVATE LIMITED. and date of establishment on 25 January 2016 that the Company paid 75% of its share subscription to this joint venture on 4 April 2016. On 3 September 2016

(ROE) decreased from 2.04% to 1.87% and earnings per share (EPS) decreased from 1.04 Baht/share to 0.91 Baht/share. For the nine-month period of 2018, the Company's profitability decreased from the same