SUBSIDIARY MANAGEMENT DISCUSSION AND ANALYSIS (For the Consolidated Financial Statements of the Year Period Ending December 31, 2018) (1) Overall Operating Results For the year 2018, the total revenue from

the Q2/2017, the company and its subsidiaries have the total revenue from sales in amount of Baht 3,199.0 million which is increasing from the 2016 at equivalence of Baht 379.4 million, about 13%. These

in the Q3/2017, the company and its subsidiaries have the total revenue from sales in amount of Baht 3,282.3 million which is increasing from the 2016 at equivalence of Baht 453.3 million, about 16

the 2017, the company and its subsidiaries have the total revenue from sales in amount of Baht 12,300.9 million which is increasing from the 2016 at equivalence of Baht 1,200.2 million, about 11%. These

-period ended June 30, 2019 with details as follow; unit: million baht Items 3-month periods ended 30 June Changes 2018 2019 Amount % Amount % Amount % Revenue from sales of goods 103.99 100.00 87.61 100.00

three month-period and nine month-period ended September 30, 2019 with details as follow; unit: million baht Items 3-month periods ended 30 September Changes 2018 2019 Amount % Amount % Amount % Revenue

% Amount % Revenue from sales of goods 200.62 100.00 193.94 100.00 (6.68) (3.33) Cost of sales of goods 158.09 78.80 147.33 75.97 (10.76) (6.81) Gross profit 42.53 21.20 46.61 24.03 4.08 9.59 Other income

, TCJ and its subsidiaries had the total revenue of Baht 277.74 million decreased from Baht 459.64 million in the 1st quarter of the year 2017 or decreased by 39.6%. Revenue decreased from revenue from

revenue of 40.18 million Baht. The cost of sales amounted to 30.53 million Baht, while selling and administrative expenses and financial Gosts were 7.05 million Baht in total. Net income for the period of

generated total revenues of 1,093 million Baht; or decreasing by 49% as compared to the total revenues in Q3 2017 of 2,132 million Baht. This was mainly due to the increase in revenue from sales of the