Our Ref : No.V 003 /2020 February 28,2020 Subject : Explanation for operation of the year 2019 Attn : Managing Director The Stock Exchange of Thailand Varopakorn Public Company Limited would like to

. The operating results of the Company and its subsidiaries continued to improve, with total revenue and profit at baht 67,423.88 million and baht 6,176.59 million respectively, an increase of 2.08% and

1,811.36 Selling & Administrative Expense 130.49 129.01 Finance Costs 23.25 23.21 Net Profit 125.97 (0.57) Earnings per share (Baht) 0.315 (0.002) The comparison between Second Quarter of 2016 and 2015 1

1,754.53 Selling & Administrative Expense 118.44 120.99 Finance Costs 22.11 24.28 Net Profit 92.01 36.55 Earnings per share (Baht) 0.230 0.092 The comparison between third Quarter of 2017 and 2016 1. Sales

1,820.49 1,935.37 Selling & Administrative Expense 127.76 127.87 Finance Costs 24.29 21.34 Net Profit 32.34 (10.11) Earnings per share (Baht) 0.081 (0.025) The comparison between Second Quarter of 2019 and

1,935.37 1,900.75 Selling & Administrative Expense 127.87 130.49 Gain(loss) on machinery and equipment disposal (12.87) - Finance Costs 21.34 23.25 Net Profit (10.11) 125.97 Earnings per share (Baht) (0.025

1,955.93 Selling & Administrative Expense 118.49 118.44 Finance Costs 20.44 22.11 Net Profit (2.59) 92.01 Earnings per share (Baht) (0.007) 0.230 The comparison between Third Quarter of 2018 and 2017 1

writer Ref. No. 158/2562 November 13, 2019 SUBJECT : Management Discussion and Analysis ending September 30, 2019 ATTN : The President Stock Exchange of Thailand The Company realized profit for the

Company Limited and subsidiaries would like to clarify the results of the period ended June 30, 2020 that differ more than 20% when compared to the same period of 2019, according to the regulation of The

For the Q1/2020 period ended of March 31, 2020 operating result of S.Pack & Print Public Company and Its Subsidiary in Statement of Comprehensive Income net profit 10.71 Million Baht in comparison with