Microsoft Word - MDA_2019Q4_ENG_2003 1 Ref: CK-20-0000-AFD(AC)-L-0013 February 28, 2020 Subject: Clarification on Operating Result and Financial Position for the year ended December 31, 2019

(EBITDA) 34.53 17.06 17.47 102.38 Depreciation and amortization 23.56 19.76 3.80 19.22 Key financial ratio related with operating result (%) For the period ended Change 31 March 2020 31 March 2019 % YoY

. 018 / 2018 May 9, 2018 Subject Explanation of the operating performance for 3-month period ended March 31, 2018 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company

POST 02/2019 20 February 2019 Subject Clarification on the Change of Operating Results (audited) for the year ended 31 December 2018 exceeding 20 percent Bangkok Post Public Company Limited To The

. 004 / 2019 February 27, 2019 Subject Explanation of the operating performance for the year 2018 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company Limited would like to

Management Discussion of the three-month operating results ending on 31 March 2019 To The President of the Stock Exchange of Thailand Matching Maximize Solution Public Company Limited (the Company) would like

. 015 / 2019 May 14, 2019 Subject Explanation of the operating performance for 3-month period ended March 31, 2019 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company

. 018 / 2019 August 7, 2019 Subject Explanation of the operating performance for 3-month period ended June 30, 2019 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company

. 026 / 2018 November 12, 2018 Subject Explanation of the operating performance for 3-month period ended September 30, 2018 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public

. 014 / 2020 May 13, 2020 Subject Explanation of the operating performance for 3-month period ended March 31, 2020 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company