[COMPANY NAME] Ref.: EFORL IR007/2020 March 4, 2020 Subject: Management Discussion and Analysis Yearly Ending 31 December, 2019 To President The Stock Exchange of Thailand 1. Overview financial

28 April 2020 At: ACC/HO 011/63 Re: Management Discussion and Analysis for the Quarter of 1/2020 To: President The Stock Exchange of Thailand Following the Coronavirus 2019 (COVID-19) pandemic and

108.1 mm for the first quarter of 2020, decreasing by 42.3%, compared to the same period of the previous year. Expenses Analysis Q1 2019 Q1 2020 Increase/ (Decrease) THB mm THB mm % Selling expense 42.5

chemical business to drop 18.98%. Performance Analysis The operating results of the separated financial statement for the 3-month and 9-month period ended September 30, 2020 The Consolidated Financial

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THB 278.9 mm which increased by 31.4%, compared to the same period of the previous year. Expenses analysis Q3 2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB

Microsoft Word - 2019-Q3_MDA_Eng_R1.docx   No. CAZ 019-2019 12 November 2019 Subject: Management Discussion and Analysis 3rd Quarter ended 30 September 2019 Attention: The President The Stock

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