Limited Page 1/14 Management Discussion and Analysis for year 2019 1. Highlights Unit: million Baht Year 2019 Year 2018 P er fo rm a n ce Revenues 12,923 29,910 Sales Volume (k tons) 710 1,447 EBITDA (271

Unit: million Baht 2 nd Quarter 2017 2 nd Quarter 2016 Group Revenues 3,276 3,278 Group Sales Volume (k tons) 188 188 Group EBITDA 64 613 P er fo rm an ce Group Net Profit (Loss) (233) 183 HRC Sales (k

2016 Pe rfo rm an ce Group Revenues 3,292 2,897 Group Sales Volume (k tons) 182 187 Group EBITDA 213 109 Group Net Profit (Loss) 65 (30) HR C HRC Sales (k tons) 182 187 HRC Production Volume (k tons) 190

2017 Pe rfo rm an ce Revenues 7,815 3,276 Sales Volume (k tons) 378 188 EBITDA 118 64 Net Profit (Loss) (451) (233) HR C HRC Sales (k tons) 378 188 HRC Production Volume (k tons) 363 188 HRC Average

the total revenues of 5,518 MTHB of which 5,467 MTHB earned from sales revenues. Sales revenues increased by 731 MTHB or 15.4% comparing to the same period of the year 2017. Such increase was mainly

business: Total sales in garment business in Q2/2017 were 297,095,808.50 Baht, compared to 341,508,757.01 Baht of sales Q2/2016. It decreased 44,412,948.51 Baht or 13.00%. This resulted from the amount of

reflect the decrease in prices of global raw materials; and the reduction in sales of major export customers. The company recorded domestic sales of 269.01 million Baht which increased from the same quarter

business Total sales in garment business in Q3/2017 were 453,346,120.34 Baht, compared to 462,771,958.49 Baht of sales Q3/2016. It decreased 9,425,838.15 Baht or 2.04%. This resulted from the appreciation of

price to reflect the decrease in prices of global raw materials; and the reduction in sales of major export customers. The company recorded domestic sales of 411.75 million Baht which increased from the

The company recorded total revenue of 244.58 million Baht in the third quarter of 2017 which increased from the same quarter last year totaling 20.82 million Baht or 9.30%. Due to the reduction in sales