* Note Please find further information in the consolidated financial statements. 1 12th November, 2019 Subject: Management Discussion & Analysis (MD&A) for the 3rd quarter of 2019 Attention: The

improvement was mostly a result of lower prices of raw materials this year. * Note Please find further information in the consolidated financial statements. 2 Financial Ratios Q1 2020 Q1 2019 Gross profit

from the same period last year by approximately 1.76 Million Baht or 15.01%. Gross Profit The Company’s gross profit margin for financial statement in Quarter 2/2020 was recorded at 16.41 Million Baht

from the same period last year by approximately 1.16 Million Baht or 17.76%. Gross Profit The Company’s gross profit margin for financial statement in Quarter 1/2020 was recorded at 16.31 Million Baht

% Share of loss of investments in associates (0.40) (4.43) (4.04) 1021.53% (2.01) (12.08) (10.08) 501.93% Finance costs (0.08) (0.13) (0.04) 47.96% (0.22) (0.34) (0.12) 55.67% Profit before income tax

(Thailand) Co., Ltd., the investment in the ordinary shares of S-TREK (Thailand) Co., Ltd., capital increase, and the issuance and allocation of the newly issued ordinary shares to the specific person under

approve the allocation of profit from the Company’s operating results for the fiscal year ended March 31, 2018 to pay dividends in the total amount of not exceeding THB 741.01 million, or equivalent to the

”) No.9/2019 Held on November 26, 2019 at 13.30 hrs. has approved investment in N Hospital Co.,Ltd which engaging in healthcare business, hospital, pharmaceuticals and medical equipment. Share of

capital of Origin Grand is completed) to MERCURIA or any other person designated by MERCURIA. Consequently, MERCURIA shall pay the total share transfer consideration to the Company in an amount of Baht

part of remuneration on purchase such ordinary share. 2) Loan payment, which At-Ze borrowed from the Company to pay the director back money it owes to the director as Seller’s connected person in the