in fair value of financial assets measured at fair value through profit or loss. Discussion and Analysis of the Company and its subsidiaries’ Operational Results in Q1/2020 and Q1/2019 Corporate

to decreasing in selling and administration expenses and gain on change in fair value less cost of sale of biological assets. Page 3/…… - 3 - Financial Position Asset As of 30 June 2020, the company

Having joined SEC since 1999, Assistant Secretary-General Archinee Pattamasukhon holds a bachelor’s degree in Business Administration (Finance), the University of the Thai Chamber of Commerce

and General Administration Department, the Human Resources Department, and the Organizational Risk Management and Governance Development Department. Her appointment will become effective on 16 May

cost. 3) Selling and Administration Expenses Selling and administration expenses decreased by Baht 11.4 million, or 6.5% from Q2/2016, as a result of improved efficiency in cost and expenses control. 4

/2016 or in Baht 4.7 million. - Swine farm business recorded its GPM of Baht 3.2 million that decreased of Baht 4.4 million from Q3/2016 due to decreasing of pork price. Selling and Administration

business recorded its GPM (loss) of Baht (4.6) million that decreased of Baht 34.8 million from year 2016 due to decreasing of pig finisher price. Selling and Administration Expenses Selling and

decreasing of fattening pig price. Selling and Administration Expenses Selling and administration expenses in Quarter 1/2019 increased by Baht 14.5 million or 11.3% due to annual merit increase and revenue

. The administration expense of first quarter of 2020 was 9.72 million baht reduced by 2.12 million baht or 17.89 %, compared to the same period of 2019 which was 11.84 million baht. The administration

expenses Loss from fair value measurement of derivatives 17,773 7,197 15,725 - 13.02 - Net profit (loss) (3,672) (261) (1,306.90)  Revenue from sales and services decreased by 27.24%, this is due to the