Acc. 004/2019 August 8, 2019 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for Quarter 2/2019 Dear Sir, S. Khonkaen Foods Public Company Limited

SHR MD&A 3Q19_EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 Management’s

the company to disclose information, extend the scope of special audit, and notify investors; and cooperating with relevant law enforcement agencies. We have, so far, made substantial progress in the

PUBLIC COMPANY LIMITED FOR THE YEAR 2018 1. STATEMENTS OF COMPREHENSIVE INCOME 1.1 Revenues from sales and services (Unit: Million Baht) For the year Movement 2018 2017 Increase (decrease) % Producer and

PUBLIC COMPANY LIMITED FOR THE YEAR 2018 1. STATEMENTS OF COMPREHENSIVE INCOME 1.1 Revenues from sales and services (Unit: Million Baht) For the year Movement 2018 2017 Increase (decrease) % Producer and

Discussion and Analysis of quarter 1 /2020 2 | p a g e  Last year, the Company was affected by the amendment to the labour protection act. As a result, the products cost increased from the provision of Baht

ซอยศนูย์วิจยั ถนนพระรำม 9 แขวงบำงกะปิ เขตห้วยขวำง กรุงเทพฯ 10310 ส ำนกังำนใหญ่ FIRETRADE ENGINEERING PUBLIC COMPANY LIMITED 21/57-58 Soi Soonvijai, Rama 9 Road, Bangkapi, Huaykwang, Bangkok 10310

(MD&A) for the year 2019 Attention: The President The Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the

comply with the Labor Protection Act, revised and announced in 2019. 1.6 Share of income from investment in associate In April 2009, the Company invested in the ordinary shares of Mory Lohakit (Thailand

Notification: (1) “underlying share,” “listed company,” “subsidiary company,” “institutional investor,” “registration statement,” and “electronic data” shall have the same meaning as defined in the Notification