-TRANSLATION- 25 February 2020 Subject : Management Discussion and Analysis for 2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

Operation Results for the year 2016 1. Overview of operation results. For year 2016, the Company and its subsidiaries had revenue from sales and services in amount of Baht 1,074.78 million which increased

-TRANSLATION- 14 August 2019 Subject : Management Discussion and Analysis for Q2/2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in

-TRANSLATION- 14 November 2019 Subject : Management Discussion and Analysis for Q3/2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance

are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of the year 2018, the Company had growth rate 1.82 percent of total revenue from furniture business. The mainly

details are as follows; Operating Performance 1. Revenues Unit: Million Baht In the overview of Revenue from sale – net for the 1st quarter 2019, the Company could generate growth rate from the revenue of

348.88 19.59 5.62% Sharing of gain (loss) from investment value of the associates -1.27 2.70 -3.97 -147.04% The overview of revenue for the 3rd quarter of the year 2018 by comparing to the same period of

3 : Overview statement of financial position Items Amount (Million baht) Increased (decreased) As of December 31,2018 As of December 31,2017 Million baht Percent 1 Total Assets 3,076.35 3,561.21

Summary 3 Operating Performance 4 Market Overview by Business 6 ▪ Market Overview of Methyl Ester Business 6 ▪ Market Overview of Fatty Alcohols Business 8 Operating Performance by Business Unit 10 ▪ Methyl

those returns. Therefore, the Company included the financial statements of TBSP in preparing the consolidated financial statements since April 4, 2018. Revenue Breakdown Business Overview 2Q18 and 1H18