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15.65 percent, resulting from the effective debt management of the Company and its subsidiaries. Shareholder’s Equity As of June 30, 2020, shareholder’s equity of the Company and its subsidiaries totaled

Public Company Limited 1 | P a g e August 13, 2020 Subject: Management discussion and analysis of the operating results for the quarter 2/2020 Attn: President The Stock Exchange of Thailand Please find the

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โทรสาร (043) 236-835 456 Moo 14 Mittraparp Rd. Muang Khon Kaen Thailand 40000 Tel. (043) 333-555 Fax. (043) 236-835 Ratchaphruek Hospital No. RPH-SET 8/2020 May 9, 2020 Subject : Management Discussion and

Page 1 Date 11 November 2020 Re: Management Discussion & Analysis for the 9-months period Ended 30 September 2020 To The President of the Stock Exchange of Thailand (SET) CHAOPRAYAMAHANAKORN PUBLIC

an external provider of warehouse and logistics management services, whereas the Company did not incur such expense in the corresponding period of 2018. It was also ascribed to a total increase of

Page 1 No. CMC Sor Lor.013/2019 Date 12 November 2019 Re: Management Discussion & Analysis for the Period Ended 30 September 2019 To The President of the Stock Exchange of Thailand (SET