months, end of March 31, 2020 Financial Statement Consolidate financial statement % Revenue from sales Q1/2020 Q1/2019 Increase (decrease) Q1/2020 Q1/2019 Revenue from sales 45.46 67.47 (22.01 ) (32.62

potential. For trademark and the commission of product sales at 2% of sales under brand “DURO” that Hwa Fong Rubber Industry Company Limited is supplying customers And 1% from technical service fee . Which is

. Sales Revenue The Company and its subsidiaries’ sales revenue earned for Q.3/2019 totaled Baht 351.60 million, increased from the Q. 3/2018 totaled Baht 304.66 million, which was increased of Baht 46.94

) % Change 2019 2018 Sales revenue 274.53 224.09 50.44 22.51% Other incomes 3.77 0.74 3.03 409.46% Total revenues 278.30 224.83 53.47 23.78% Cost of sales 117.60 85.18 32.42 38.06% Selling expenses 82.72 61.72

( “ the Company” ) would like to submit our management’s discussion and analysis for the fiscal year ended December 31, 2019, as follows: For the year ended December 31 Change 2019 2018 MB MB % Sales

. - Overall Revenue from sales was at THB 24,297 million, or -2.9% YoY, driven by Unicharm distribution agreement termination, and 33.7% dropped in OEM sales of glass bottles due to planned furnace repair in

revenue from sales of THB 4,165 million in 2Q2017, representing an increase of THB 263 million or 6.74% up from 2Q2016. This mainly support by revenue from chicken processing segment amounting THB 1,885

2017. In 2018, the revenues from renewable energy are starting to contribute a significant portion of the profits. Sales and services of Q1 2018 reached 1,289.28MB, a decrease of 15% from 1,516.71MB in

31, 2018 which is differenced more than 20% compare from previous financial year same quarter as follows: 1. The company consolidated revenues from sales and services for this period increase from

from sales: details as follow. The decrease in sales revenue is a result of the reduced sales volume. Due to the fluctuation of raw material prices and exchange rates in the past, the company has to