SAAM Energy Development Public Company Limited - 1 - 4 January 2019 Subject: Management Discussion and Analysis for the 9-month ended 30 September 2018 To: The President of the Stock Exchange of

protection law. If excluding the above higher employee benefit obligations, administrative expenses to sales would decrease from 10.6% to 10.2%. Page 6 Q4/2018 Finance Costs The Company and its subsidiaries

administrative expenditures in this year were increased because of surplus on employee benefits obligation. The net profit in the year 2019 was 22.81 million baht and the company has total comprehensive income

The Stock Exchange of Thailand According to TS Flour Mill Public Company Limited ("The Company") has submitted the financial statements for the year ended December 31, 2017. The statements of

economic recovery. From the above situation, it affects the sales that customers postpone, slowing or canceling investment plans. For the second quarter of 2020, the Company recognized revenue from the

the audit firm who has an influence on the applicant’s giving of opinions are not employee or worker of the company or its subsidiaries for which the applicant is the auditor; 5. The audit firm does not

influence on the applicant’s giving of opinions are not employee or worker of the company or its subsidiaries for which the applicant is the auditor; 5. The audit firm does not provide bookkeeping or any

by Baht 109.38 million or 26.36% from last year mainly due to employee-related expenses and depreciation. Share of profit from investments in associated companies In Q1 2019, the Company and its

No. 256108004 6 August 2018 Subject: Management Discussion and Analysis for 6-month period ended 30 June 2018 To: President The Stock Exchange of Thailand M Vision Public Company Limited (“the

% mainly from reversal of allowance for impairment loss from securities on disposal of Thanh Cong investment, and decreased in Employee Benefit expenses and other operating expenses of the Company. Please