No: AH 03052021 May 17, 2021 Subject: Management Discussion & Analysis (MD&A) for the financial statements of the 1st quarter of fiscal year 2021 ended as of March 31, 2021 To: The President The Stock

% YoY Sales revenue 3,654 5,219 -30% 3,704 -1% 16,225 19,472 -17% EBITDA 286 387 -26% 289 -1% 923 1,138 -19% EBITDA Margin (%) 7.8% 7.4% 0.4% 7.8% 0% 5.7% 5.8% -0.1% Stock Gain/(Loss) & NRV -24 -62 -61

) Including Gain/(Loss) from FX and Derivatives (2) Extra items were from raw material derogation and deferred tax assets/liabilities. Global Green Chemicals Public Company Limited Management Discussion and

operation of Innotech Asset Management (or “Innotech” formerly known as “Solaris Asset Management”), a subsidiary. Innotech is currently on process of preparing personnel and operating system to reactivate

LIMITED No. NCL-M 22/17 Aug 10, 2017 Subject: Management Discussion and Analysis of Financial Positions and Operating Results of NCL INTERNATIONAL LOGISTIC PUBLIC COMPANY LIMITED and subsidiary for 6 months

LIMITED No. NCL-M 27/17 November 10, 2017 Subject : The clarification and analysis of the management of NCL International Logistics Public Company Limited and its subsidiaries on the Company's financial

accordingly (for year 2016: sale volumes and production volumes at 187,043 tons and 189,008 tons in accordingly) - Gain from debt restructuring was achieved of THB 110 million resulting from debt-to- equity

Acc. 001/2019 February 25, 2019 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for Year 2018 Dear Sir, S. Khonkaen Foods Public Company Limited or

on the quality and cost management of goods, so imports from Europe instead of imports from China, resulting in lower costs from the Thai Baht strengthens, compared with the previous year. - Other

Interim Management Discussion and Analysis For the three-month period ended 31 March 2020 Lam Soon (Thailand) Public Company Limited and its subsidiaries Page 1 of 2 Financial performance analysis