Shareholders of Thai Wacoal Public Company Limited, held on April 22, 2019, the meeting approved the sale of the company’s land to Saha Pathana Inter-Holding Plc. (SPI). Afterwards, SPI has notified the company

provide Management Discussion and Analysis for the year ended 2019 as follows: Overview of the operating result for 2019 The company’s total revenue for year ended 2019 was THB 196.60 million, increased by

% (3.37) -100% Net Profit 31.00 22% (6.84) -2% 37.84 553% The Corona Virus (COVID-19) outbreak that started at end of 2019 made its way into Thailand in early 2020, forcing the Thai government to declare

last year (“QoQ”). • Revenue from transmission and telecommunication tower decreased by 50.87% QoQ as a result of rescheduling of delivery plan by major customer. • Revenue from sale of electricity rose

has recieved award in “Investors’ Choice Awards 2016” from Thai Investors Association. Performance Evaluation of Corporate Governance Thai Institute of Directors Association (IOD) disclosed the result

in “Investors’ Choice Awards 2016” from Thai Investors Association. Performance Evaluation of Corporate Governance Thai Institute of Directors Association (IOD) disclosed the result of the 2016

uncertainty of US economic policy. However, the global economy has continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in the first half year. Income and

increase of take-home products and higher orders through food delivery services, which usually have lower gross profit margin than products served on-site as a result of higher packaging cost. EDITDA and

a result of the relaxation of COVID-19 control measures. In addition, the Company achieved higher sales of raw material to Mikka Café franchise. R E V E N U E : • The Company’s gross profit in Q1/2022

(Translation) NEP-AC 003/2563 13 Aug 2020 Subject: Management Discussion and Analysis for Q2 end of 30 June 2020 To : The President The Stock Exchange of Thailand Operating Result NEP Realty and