Microsoft Word - letY17EMD&A .doc (Translation) 23rd February 2018 Subject: Management Discussion and Analysis (MD&A) of year 2017 To: Managing Director of the Stock Exchange of Thailand Business

at the end of 2018  Managing the total usage amount through Boonterm kiosk to more than 10%, compared to 2017  Developing the intelligent kiosk for more capacities to support new business  Expanding

at the end of 2018  Managing the total usage amount through Boonterm kiosk to more than 20%, compared to 2017  Developing the intelligent kiosk for more capacities to support new business  Expanding

) Explaining the guideline for administrating, managing or solving the case that the proceeds from capital increase are not sufficient or there is a situation which causes the change of absorption costing

site. In the first phase, the Company has space of usage approximately 9,800 sq.m2. for increased stock and new product in the retail group that responds to customers e.g. galvanized paints and etc

controlling For the direction of sales in 2020, it will continue to focus on expanding Flexible Packaging customers into the Rice industry, Pet food industry, because it is a group that the company has the

26 February 2020 Subject : Management Discussion and Analysis for 2019 To : Director and the President, The stock Exchange of Thailand Yggdrazil Group Public Company Limited (“Company”) would like to

domestic transportation Add up as well. The target group of the company are auto parts customers and Solar Cell The Company's other income for the three-month period ended March 31, 2017 was 1.13 million

increase in sales volume of Seasoning and Dipping Sauce group. Cost of Sales Cost of sales in 2Q17 was in the amount of Baht 153.83 million which decreased by Baht 1.26 million or 0.81% as compared to the

255.2 2.8% The mainly factor of the increase in sales revenue of the product category DAIWA which was an increase in sales due to price reduction promotion campaign for the dealer group. Other income 9.7