Management’s Discussion and Analysis Consolidated Financial Results for the three-month and the nine-month Q3/2018 For the three-month ended 30 September 2018 Consolidated Profit & Loss of NPPG (THAILAND) PCL

, 2020, the company and its subsidiary has reported consolidated net profit of Baht 29.20 million which was increased by Baht 7.56 million or 34.95% compared to the same period of last year of Baht 21.63

quarter of 2017, Padaeng Industry Public Company Limited announces a consolidated net profit of 268.39MB, compared to a net profit of 125.54MB for the same quarter previous year. For the full year 2017

&A) Consolidated Financial Results For The Year 2018 For the year ended December 31st, 2018 Consolidated Profit & Loss of NPPG (THAILAND) PCL., Unit : Million Thai Baht (THB) Y 2018 Y 2017 Change %YoY

% decrease from the same period of year 2018. - Translation - Profits  Total consolidated net profit (attributable to owners of the Company) for the year 2019 of Baht 110.49 million, decreased by the amount

0.02%. Profit  For Q1/2019, Total consolidated net profit (attributable to owners of the Company) advanced to Baht 35.46 million, a 52.96% decrease or Baht 39.92 million over Q1/2018 Because of Gain

serving for its growing number of customer bases. Profit • For Q1/2020, Total consolidated net profit (attributable to owners of the Company) advanced to Baht 42.84 million, a 20.79% Grow up or Baht 7.37

of THB 28.6 million whereas the Company’s tax expense was THB 10.2 million. Therefore, the consolidated tax was net income for the amount of THB 18.46 million. Operation : Consolidated Profit & Loss

subsidiaries for the three- month period ended March 31, 2018 and would like to clarify Q1/2018 operating results as follows:  The consolidated net profit attributable to equity owners of the Company for the

1.75 times. (as at 31 December 2019 is 1.90 times). Operating result The consolidated net profit of the Company and its subsidiary for the period 3-month ended 31 March 2020 was Baht 34.60 million