Microsoft Word - letQ217MD&AE .doc ( Translation ) 11st August 2017 Subject: Management Discussion and Analysis (MD&A) for the 2nd quarter and 6-month periods of year 2017 To: Managing Director of

Microsoft Word - letQ317MD&AE .doc ( Translation ) 13rd November 2017 Subject: Management Discussion and Analysis (MD&A) for the 3rd quarter and 9-month periods of year 2017 To: Managing Director of

Director of the Stock Exchange of Thailand Union Pioneer Public Company Limited would like to clarify the net profit for the 2nd quarter and 6-month periods of the year ending on 30th June 2018 had decreased

the Stock Exchange of Thailand The Company would like to clarify the net profit for the 9-month periods of the year ending on 30th September 2018 had decreased more than 20% comparing to the same period

Ref No.Sor.Kor. 39/63 August 13 , 2020 Manager and Director of The Stock Exchange of Thailand Subject: Management discussion and Analysis for the three month and six month periods of year 2020 For

the three-month period ended March 31, 2020, which have been reviewed by the auditor as follows: Consolidate Financial Statements Unit : Million Baht For the periods ended March 31, 2020 2019 REVENUES

Services 911 859 6.0% 3,063 3,645 -16.0% Other Segments 57 65 -12.2% 207 211 -1.9% Total other income 186 54 248.3% 674 313 115.0% Gross profit 2,186 2,082 5.0% 7,883 8,262 -4.6% SG&A 1,336 1,700 -21.4

, which will extend the Company’s expansion into new segments in the future, starting from the end of Q2/2018, while more new products will fully penetrate in Q3/2018. Figure 2: MAT Mar 2018 RTD Fruit Juice

sales of most business segments. In addition, cost per unit decreased QoQ due to higher capacity utilization and improved cost management. 9M/2017 Net Profit The Company and its subsidiaries recorded net

to reach the mass market, which will extend the Company’s expansion into new segments in the future. Figure 2: MAT Dec 2017 RTD Fruit Juice Market Value breakdown by Market Segment 3. Results of