Date : August 14, 2020 Subject : Management Discussion and Analysis for the Quarter 2/2020 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products Public Company Limited

the third quarter of 2019, the net profit of the Company and its subsidiary was 474.65 million baht. The total income was 1,067.12 million baht, financial cost was 263.90 million baht, the selling and

Microsoft Word - UPF61MD&A-E.doc ( Translation ) 25th February 2019 Subject: Management Discussion and Analysis (MD&A) for the year ends on 31st December 2018 To: Managing Director of the Stock

Microsoft Word - MDA FY19 EN.docx February 24, 2020 To President The Stock Exchange of Thailand Subject Notification on the difference of revenue from sales and net profit YOY by more than 20 percent

% Revenue from franchise - - 1,836 -100% Other income 3,503 4,326 -19% 13,328 -74% Total Revenues 473,402 507,792 -7% 853,833 -45% Profit / (Loss) before interest and taxation (4,437) (73,654) 94% 233,778

year were as highlighted below; (Unit : Million Baht) Separate financial statements Q2/2018 Q2/2017 % Change Sales 469 521 (10) Gross Profit Margin 379 396 (4) Selling and Administrative Expenses 54 51 6

(78.25 ) (35.77%) 100.00% 100.00% Cost of sales (95.57 ) (196.58 ) 101.01 (51.38%) (68.02%) (89.86%) Gross Profit 44.94 22.18 22.76 102.61% 31.98% 10.14% Other income 6.76 6.02 0.74 12.29% 4.81% 2.75

) (35.77%) 100.00% 100.00% Cost of sales (95.57 ) (196.58 ) 101.01 (51.38%) (68.02%) (89.86%) Gross Profit 44.94 22.18 22.76 102.61% 31.98% 10.14% Other income 6.76 6.02 0.74 12.29% 4.81% 2.75% Revenues from

Microsoft Word - MDA Q220 EN August 10, 2020 To President The Stock Exchange of Thailand Subject Notification on the difference of revenue from sales and net profit YOY by more than 20 percent

. Consequently, it affected the profit margin. The company still has no policy to overstock but to manage the inventory turnover efficiently. Beside this, The Company focused on managing the account receivable