(Company and Subsidiaries) Total revenue of the consolidated financial statements for Q2/2020 amounted 63.5 million baht compared to Q2/2019 with total revenue of 73.8 million baht, decreased 10.3 million

( “ 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

Subsidiaries) Total revenue of the consolidated financial statements for Q1/2020 amounted 66.2 million baht compared to Q1/2019 with total revenue of 72.9 million baht, decreased 6.7 million baht or 9.2 percent

Regulation of the Stock Exchange of Thailand concerning Listing of Units as Listed Securities; (b) the value of the subscribed units combined

have risen abruptly, especially the rapid evolution of digital technology, intensified effects of climate change, and regulatory changes in the financial business. To cope with these issues, most

may have potential conflicts,” “management,” “major shareholder,” “person who has power of control,” “related party,” “credit rating,” “electronic information,” and “consolidated financial statements

the consolidated net debt to equity ratio was considerably low at 0.25 time. Overall Financial Performance and Profitability Business Segment of GFPT Group 2Q 2020 2Q 2019 Change 6M 2020 6M 2019 Change

consolidated and separate statements of GFPT Public Company Limited (“GFPT” or “the Company”) and its subsidiaries (collectively, “GFPT Group”) for the 3rd Quarter 2017 as well as included any significant

increased results. Net income was also considerably higher for the quarter by more than double 2017 given higher operational performance and the change in depreciation for kiln 7. On a full year consolidated

investments by the equity method while lower depreciation due to the change in estimating useful lives of assets at Dusit Thani Manila to reflect the real future economic benefits and in line with the Company’s