and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade

1 Ref. No. IVL 007/08/2017 9 Aug 2017 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of

production: 6Q 1E'2'%891HF6+S'('56Q ($6QI+) GH T World Steel Association ($12(%89 2 +N 2560 0F+, 426Q GHT ($1XFH 6KG'6L'JOH6KG'J&'' 2560 %& + 6%V ($'' 67 + 6%V%89H' GI) 6%F 1 425.5 '21' +, 426Q ( ( GHT

“ Notifications on Acquisition and Disposition of Assets” ) . Upon consideration of the size of the transaction based on the total value of consideration per the Company’ s consolidated financial statements for

term loan (bridging loan) from financial institution used for acquiring ECC offset with decrease in trade account payable and other payable. • Non-Current Liabilities slightly decreased by THB 74 million

history of success and business experience over 60 years in Asia and many country in the world such as Japan, China, Hong Kong, Vietnam, USA and Australia, and one of top 3 developer having highest market

of world’s leading real estate developer that has a long history of success and business experience over 60 years in Asia and many country in the world such as Japan, China, Hong Kong, Vietnam, USA and

ownership on SHR (40%) and performance of SHR included in consolidated financial statement of the Company since November 2019. SHR, the Company’s subsidiary, entered into a joint venture with Wai Eco World

PowerPoint Presentation After You Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Executive Summary Q1/2020 Key Financial Highlights 2 Overall

Attention: President Stock Exchange of Thailand Demeter Corporation Public Company Limited (“DCORP” or the “Company”) would like to submit the reviewed financial statements for first 9 months of the year 2019