September 30, 2019 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For nine months ended September 30, 2019 Overall Group Performance

AND ANALYSIS Golden Lime Public Company Limited Golden Lime Public Company Limited 2 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2019 1. Highlights Health and safety: There was one

. In order to maintain overall financial results, the Company has initiated strategies focused on improvements in operational efficiency and expense control, such as adapting to the ‘new normal’ of

such employees entitled to receive not less than 400 days’ compensation at the latest wage rate according to the Labor Protection Act (No. 7) BE 2562 moreover provision for long-term employee benefits

for equity crowdfunding. Furthermore, in the case of ICOs, imposing the aggregate limit would not be an effective investor protection mechanism. This is because it would be very difficult to enforce and

overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from appreciation of Thai Baht against US Dollar. However, those negative impacts were

0.28 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working

ended 30 September 2017 compared with the same period of the previous year as follows; 1. Overall operating results (Unit : million Baht) Q 3 ended 30 September % changes 2017 2016 Increase (decrease

year 2016. The decreased sales revenue was mainly impact by the continued global economic downturn therefore overall reduced consumption in all as compared to previous year. 2. Cost of sales For the

President of the Stock Exchange of Thailand We, Fancy Wood Industries Public Co., Ltd. would like to clarify the overall operation of the Company and its subsidiary company for the second quarter of 2019