-month period ended of June 30, 2018 • The analysis of financial position as at June 30, 2018 The analysis of operating results for the six-month period ended of June 30, 2018 Comparing accumulated

In the interim financial information, the Company has reviewed and changed the estimated useful lives of buildings, machinery and equipment in accordance with their conditions and the proper estimation

palm oil and crude palm kernel oil (CPKO) comparing with previous year. Under these circumstances, the Thai government has maintained biodiesel mandate at B7 for whole year. In addition, the government

domestic and international market, consequence to drastically lower crude palm oil (CPO) and crude palm kernel oil (CPKO) prices than that of 1Q2018. Under these circumstances, the government has maintained

management have handled the situation prudently and carefully. We have been focusing mainly on the financial health of the company including managing fixed and variable cost as well as liquidity management

( COVID-19) situation has improved domestically, following a significant reduction in the number of local infections. However, the continued high rate of overseas infections, combined with Government fears

[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

by government agencies, state enterprises established by specific law which are not companies whose shares are listed on the Stock Exchange or traded in the securities trading center, the Financial

oil (CPKO) prices were lower than that of 3Q/2018. Under these circumstances the government has continuously maintained the biodiesel mandated at B7. Also, the government has promoted B20 and B10 as

-19) outbreak, the Government commanded lock down policy, shut down business and industries all over the country and announced to public to stay home, this situation resulted in reduction of consumer’s