1 GLOCON.018/2020 May 15th, 2020 Subject Management’s discussion and analysis for 1st quarter of 2020 Attn. The President The Stock Exchange of Thailand Management’s analysis Consolidated Financial

percentage 1.60 of the Net Tangible Asset, which is greater than 0.03 percent and less than 3 percent of Net Tangible Asset (NTA) of the company, calculated from the consolidated financial statements of the

value of the Disposed Assets as appeared in the consolidated financial statement of the Company ended December 31, 2017 are Baht 128,904,265.17. (4) Size Calculation This transaction is deemed as the

. Sincerely yours, Mr. Opas Sripayak Chief Executive Officer and Managing Director -Translation- 2 Information on the Establishment of a Joint-Stock Company of L.P.N. Development Public Co., Ltd. The Board of

method based on the review of consolidated financial statements ended 30 June 2019. The Company had not entered into any other acquisition transaction during the past six http://www.navanakorn.co.th

income Consolidated financial statements (Thousand Bath) 31 Mar 20 % 31 Mar 19 % YOY %YOY Sales 231,635 63.39% 160,417 81.71% 71,218 44.40% Service income 40,635 11.12% 24,397 12.43% 16,238 66.56% Other

comprehensive income Consolidated financial statements (Thousand Baht) 30 Jun 20 % 30 Jun 19 % YOY %YOY Sales 440,979 70.35% 370,857 78.10% 70,122 18.91% Service income 78,750 12.56% 48,880 10.29% 29,870 61.11

approved the reviewed financial statements, including the consolidated financial statements of the Company and its subsidiaries for the third quarter and nine month period ended 30th September 2020. The

the Company and its subsidiaries for of the year 2019, ended 31 December 2019 as follows: Statement of comprehensive income Statement of comprehensive income Consolidated financial statements (Thousand

or loss Consolidated financial statements (Thousand Baht) 30 Sep 20 % 30 Sep 19 % YOY %YOY Sales 718,548 71.96% 665,954 78.58% 52,594 7.90% Service income 110,265 11.04% 102,848 12.14% 7,417 7.21