Ref: UWC 025/2562 November 13, 2019 Subject: Management Discussion and Analysis 3rd Quarter ended September 30, 2019 To: President The Stock Exchange of Thailand Ua Withya Public Company Limited

efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue Major revenue of The Group mainly came from revenue from steel tower manufacturing and revenue from sales of electricity. In

-rolled coil after it had  shut down this manufacturing for almost two years.  As a result, the machinery was maintained and did not deteriorate, its employees were not terminated, and the company had

(edit) To : The President of the Stock Exchange of Thailand We, Fancy Wood Industries Public Co., Ltd., would like to explain the overall operations of the company and its subsidiaries for the quarter 1

Company Limited would like to clarify the operating results of the Quarter ended June 30, 2018 that has net Profit of Baht 7.82 million, increased from the same period of previous year that has net loss of

started resulting the Company has to realize the cost including the depreciation of factory, machinery and other system; however, the manufacturing capacity has not utilize in its full capacity and the

solution and other medical product manufacturing and trading business. Previously the company held 44% of all shares. Later in February 2018, the company acquired additional shares from one of the

but some of manufacturing overhead expense was fix. Net Profit The company’s net profit for 1st Quarter 2017 is THB 5.30 million equivalent to 4.54 percent, in which the net profit margin of the Company

, in which the gross profit margin of the Company has decreased when compared to the same period of last year due to decreasing of The Company’s sales and services revenue but some of manufacturing

Design and Manufacturing Co., Ltd. which has no relationship with the Company and is not a related party. General Characteristic of the transaction Enter into Contract to buy and sell of Land and Buildings