profit margin for the second quarter of the year 2018 was 45% slightly decreased from the second quarter of the year 2017 which was 45.4%. Selling and administrative expenses Selling and administrative

concentrate to the brand awareness to support sustainable growth. However, the Company concerns about the importance of expenditure management efficiency. 4. Net profit and net profit margin 3Q18 and 9M18 net

(days) 10 10 8 Profitability Ratio Gross Profit Margin 11 (%) 12.17 14.99 16.41 Operating Profit Margin 12 (%) 8.00 11.74 12.12 GFPT Public Company Limited Management Discussion and Analysis for the Year

Rnj, (Translation) MD. 170/2019 November 13, 2019 Re: Management Discussion and Analysis For the Operating Results ended September 30, 2019 To: President The Stock Exchange of Thailand Management

1 (Translation) MD. 155/2018 November 14, 2018 Re: Management Discussion and Analysis For the Operating Results ended September 30, 2018 To: President The Stock Exchange of Thailand Management

. 1 Tambon Tarsit, Amohoe Pluag-daeng, Rayong (Translation) 1 KWM 012/2563 August 13th, 2020 Subject : Management Discussion and Analysis for the 3-month and 6-month period ended June 30, 2020 To

Translation Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration On June 15 - 19, 2020, the Company offers ordinary shares by number of

27 October 2020 At: ACC/HO 019/63 Re: Management Discussion and Analysis for the Quarter of 3/2020 To: President The Stock Exchange of Thailand During the third quarter of 2020 the Coronavirus 2019

the ongoing management of the product mix and improved assortment planning for all product range. This includes product development under the private brand to enhance the gross margin. In March, the

Ref. No. 1802/008EN February 20, 2018 Subject Management Discussion and Analysis for the year 2017 (Ending December 31, 2017) (Additional) To Director and Manager of the Stock Exchange of Thailand