, Amohoe Pluag-daeng, Rayong Branch 2 / 38 Moo. Tambon Tarsit, Amohoe Pluag-daeng, Rayong 1 KWM 002/2562 February 27th, 2019 Subject : Management Discussion and Analysis for the year ended December 31, 2018

transaction between the Company’s subsidiary and IRSL whose major shareholders are (i) the close relative of the Company’s management and (ii) the management of the Company. Based on the Maximum Share Purchase

our staff and customers remains our top priority. The Company constantly evaluate the situation and take proactive action to manage up-to-date under condition that are changing rapidly by aware of the

Translation Management Discussion and Analysis for Interim Business Operations Financial Performance for the year ended December 31 , 2019 (Unit : M ill ion Baht) 2019 2018 Inc./(Dec.) % ( R es tated

Translation Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration On June 15 - 19, 2020, the Company offers ordinary shares by number of

, Bangbon District Bangkok Condition : Ready to use Transaction : Panjawattana Plastic Public Company Limited will purchase land with buildings from Mr.Kongsak Hemmontharop Value of transaction : THB

specified therein the Joint Venture Agreement. 2. The parties comply with terms and condition set forth therein the Joint Venture Agreement. 3. JV company has obtained all relevant licenses for the operation

Court. In this regard, the Company’s management believes that such events will not adversely have any significant impact on the Company because the management is confident that the Company and the Parent

that the Company uses to calculate the size of asset acquisition transaction is total of Baht 300 million and assigned the Management to set the closing date when complete the significant conditions for

shares of accounted for 100% of total paid Sdn. Bhd. (“FKRM”) and GCB Trading Sdn.Bhd. (“GCB”) 53,000,000 MYR or equivalent to GCB shall be subsidiary company of NDR. Additional important condition after