& Calpis grew 2.7% YoY. Total Personal care continued its momentum with 11.5% growth YoY, with 42.8% growth in CLM markets. International business grew 1.5% at constant FX rate, driven by Myanmar growth

. 01 million in 1Q2019, representing an increase of THB 232.91 million or 6.24% up from 1Q2018 mainly from higher revenue of chicken processing business which increased by THB 248.80 million or 17.75% up

. Exhibit 2 : Sales revenue and Adjusted EBITDA breakdown by business unit comparison of 1Q2019 vs. 1Q2018 vs. 4Q2018 (million THB) Methyl Ester Fatty Alcohols Methyl Ester Fatty Alcohols Sale Revenue

from the connected person is from Loan from the Company, which is a working capital from business operation. Loan from related company will be complied with the Policies of the connected transactions

million in 2Q2018, representing a decrease of THB 182.87 million or 4.39% down from 2Q2017 mainly from lower revenue of chicken processing business which decreased by THB 126.79 million or 6.73% down

loans drawn down to fund business operation, our consolidation of Nguyen Kim and dividend payment. 8. Share of profit of associates and joint ventures was THB 79 million, an increase of THB 51 million or

perform any acts necessary or related and beneficial to the Company and the shareholders Agenda 8 To consider and approve the entering into connected transaction Agenda 9 To consider other business (if any

long-term revenue and benefit for the Company which shall encourage the Company’s operation. Moreover, this is counted for the expansion in renewable energy business in order to reduce business risk and

Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2018 Page 2 of 13 Overall Financial Performance and Profitability Business Segment 3Q 2018 3Q 2017 Change 9M 2018 9M

- 15 consecutive business days prior to the resolution of the Board of Directors’ Meeting proposing the Extraordinary General Meeting of Shareholders to approve the capital increase and the allocation of