Stock Exchange of Thailand and the Warrant Registrar in due course. The Company hereby certifies that the information set out in this Information Memorandum is accurate and complete, in all respects

of Thailand and the Warrant Registrar in due course. The Company hereby certifies that the information set out in this Information Memorandum is accurate and complete, in all respects. Signed (Mr

THB 823 million, reduced by THB 98 million or 10.60% down from 2Q2016. The revenue from feed segment continued declining in 2Q2017 due to intense competition of feed business in Thailand for both animal

, and shrimp feed, represented 19.06% of total sales, amounting THB 758.87 million, reduced by THB 64.14 million or 7.79% down from 2Q2017. The revenue from feed business continued declining due to

3Q2017. The revenue from feed business continued declining due to intense competition in Thailand reflecting falling in revenue from fish feed about 18.42% from lower sales volume of fish feed. However

drawn from the company’s retained earnings already subject to 30% corporate income tax. Payment date has been set for Tuesday, May 21, 2019. 2. The 5 directors due to retire upon term completion are as

. 3. Loss from impairment on investment in the separated statement decreased by Baht 47.76 million or 100% due to sale of investment in a joint venture, which was recognized as loss from impairment on

Ref. PDI/BK-BS-011/2019 25th February 2019 Re: Management Discussion and Analysis (MD&A) For the year ended December 31, 2018 To: President The Stock Exchange of Thailand Due to depletion of Mae Sod

operation in metals trading business of Baht 109.89 million increased by Baht 134.32 million from the previous year. This was due to sell assets that are no longer useful to follow the plan of transition of

stable. SG&A The Company selling expense for the year ended 31 December 2019 and 2018 were THB 256.71 and 207.62 million respectively. Selling expense had risen by THB 49.09 million or 23.64% due mainly to