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in 1st quarter – 3rd quarter increased due to high demand of HDPE resin in China. This led to increasing of the production cost of the Company. Analysis of the operating results of WIIK and Subsidiary

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16.50% compared to the revenue of 2018, mainly due to the decrease in Chinese tourists, there was impact from closed partial hotel’s area for renovation Ibis Styles Chiangmai Hotel in the third quarter of

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(Translation) NEP-AC 001/2560 10 August 2017 Subject : Management Discussion and Analysis for 2nd Quarter ended 30 June 2017 To : The President The Stock Exchange of Thailand Operating Result NEP