Page 1 of 11 - Translation - Ref. WINNER 0029/2019 November 14, 2019 Re Management Discussion and Analysis (MD & A) for Q3/2019 period and for the nine-month ended September 30, 2019 To The President

-Translation- Ref. WINNER 028/2020 November 12, 2020 Subject: Management Discussion and Analysis for the 3-month period and 9-month period ended 30 September 2020 To: The President The Stock Exchange

from diminution in value of inventories amounting of 14.00 million Baht. However, the Company determined the policy that focused on the management of raw material (CPO) by trying to maintain inventories

golf course and property management were in the same level. Even though, revenues were not significant but growth rates were satisfactory. (2) In this quarter, the Company recorded total costs and

equity holders of the Company (59.7) (280.9) 221.2 78.67% Revenue and Profit Sales revenue year 2019 amounts to Baht 1,171.8 Million, Increased by 9.2 Million Baht or 0.8% compared to the previous year and

 are well known and have good reputation in the IC, and electronics industry.    Provision is made of amounts outstanding over 90 days and amounts which the management believe may be doubtful.  Accounts

 reputation in the IC, and electronics industry.    Provision is made of amounts outstanding over 90 days and amounts which the management believe may be doubtful.  Accounts receivable days were 59 days in Q317

27 February 2018 At: ACC/HO 011/61 Re: Management Discussion and Analysis for the year ended 31 December 2017 To: President The Stock Exchange of Thailand In the first half of 2017 the Thai economy

Company Limited ( the “ Company” ) would like to submit the Management’ s Discussion and Analysis ( MD&A) of the Consolidated Financial Results for the first quarter of 2019 ending March 31, 2019, as

management believe may be doubtful. Accounts receivable days were 66 days in Q119 and 65 days in Q118. Trade Receivables 31-Mar-19 31-Mar-18 THB '000 Less than 3 months 3,638,692 3,601,360 3 - 6 months 19,982