Management Discussion and Analysis for Interim Business Operation Financial Performance for the year ended Sebtember 30, 2019 (Unit : Millon Bath) 2019 2019 Inc/(Dec) % Construction income 23.88

Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the period ended M arch 31 , 2020 (Unit : M ill ion Baht) 2020 2019 Inc. / (Dec.) % (Re st at

Baht 1,302 million, a decrease of 4% YoY from financial statement adjustment in accordance with new Thai accounting standards. Details are as follows:  Domestic Branded Business (Brand) sales decreased

reported Adjusted EBITDA of THB 21 million, a decrease of 88%. Operating performance comparison between 1Q2019 vs. 4Q2018 On quarter by quarter basis, methyl ester business unit’s revenue in 1Q2019 was

clarify operating performance of the Company for the yearly ending 31 December 2018 are as follows: change 2018 2017 increase (decrease) Sales 841.1 882.2 -4.7% Other income 29.9 27.7 7.9% Cost of sales

in distribution of product and equipment, design, assembly and installation and maintenance service of pure water treatment system; as well as dialysis service of clinic business for kidney patients

performance Statement of income Consolidated Financial Statements for Quarter 2 of 2019 Quarter 2 of 2018 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB Million % THB Million

of profit from investments in associates 33.6 59.2 -25.6 -43.2% Net Profit 215.0 304.8 -89.7 -29.4% Increase (Decrease) The operating result of the Company for Q1 2019/2020 (1 April 2019 to 30 June

amounted to Baht 11.52 million, a decrease of Baht 121.82 million reduced costs associated with reduced revenue. Expenses are as follows. Cost of sales - Real estate development business of Baht 3 . 9 4

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1