1 Ref: AC.006/2019 25 February 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

units in 2018. Export volume dropped by 7.59% to 1,054,103 units, compared to 1,140,640 units in 2018 due to the trade war between China and USA that put pressure on the overall global economy and trade

1 Ref: AC.017/2018 14 May 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Thailand and NESDB, overall Thai economy in 2018 expanded by 4.1%, higher than 4.0% growth in 2017. This was mainly from acceleration of private consumption and investment, as well as improving domestic

decrease of 43 million baht or 2% compared to 2015, and earning per share (EPS) of 9.61 baht per share. The operating performance is summarized as follows; Overview Overall, the Thai economy in 2016 expanded

administrative expense was 145.44 million baht and bad debts and doubtful accounts expense was 63.57 million baht. The Total Assets was 50,880.93 million baht, the total liabilities was 43,209.91 million baht and

President of the Stock Exchange of Thailand We, Fancy Wood Industries Public Co., Ltd. would like to clarify the overall operation of the Company and its subsidiary company for the second quarter of 2017

year 2016 that had total revenue of Baht 99.15 million and Baht 254.72 million respectively. The overall total revenue increases in the amount of Baht 64.11 million or 64.65% for three-month period and

million as compared to the same period last year due largely to the following:  The overall revenue from hotel operations which comprise of hotel, golf and retail operations decreased by Baht 52 million

reviewed by certified public auditor as follows: Overall performance results of the Company for the three-month period ended 31 March 2019, compared to the same period of the previous year were as