November 13, 2019 Re : Management Discussion and Analysis for Q3/2019 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated

automotive product which lead to increase in the sales volume in this zone. However, the Company’s revenue was affected by the appreciation of exchange rate of 3.4% from an average of 32.06 per 1 Dollar in

Company had total revenues from sales in the amount of Baht 227.23 million, which decreased by Baht 7.16 million or 3.05% when compared with the same period in 2016. The decrease in the revenue from sales

increased of Revenue from sales 37% with the increase of sales volume. In the third quarter of year 2017 gross profit rate 18%, compared with 8% in 2016. So the company’s gross profit increased 10

statements for second quarter of year 2018 ended June30,2018. The details are as follows: 1. For the 2nd quarter of year 2018, total revenue from sales was 472.35 million Baht, or an increase of 11.23% from

statements for third quarter of year 2018 ended September 30,2018. The details are as follows: 1. For the 3rd quarter of year 2018, total revenue from sales was 476.4 million Baht, or an increase of 46.72

Million or increased more than 20% when compared to the same period of 2019. The reasons of its profit increased are as the following: 1. Revenue from Sales was Baht 1,483,87 Million, which increased by

profit decreased by Baht 124.69 million or 68.76% compared to last year. The main reasons are as follows. 1. The company had the sales revenue of Baht 362.50 million, decreased from last year by Baht 34.53

operating performance. Revenue from Sales for Q2/2022 and Q2/2021 was 6 3 1 .5 3 million baht and 6 5 4 .3 8 million baht, respectively. It decreased 2 2 .8 5 million baht or 3 .4 9 % when compared with Q2

million, whereas net profit of Baht 161.84 million in the same period of prior year, mainly results from; 1. Revenue from sales increased by Baht 103.76 million because the Company has Revenue from sales