Microsoft Word - 1911-033EN Management Discussion and Analysis for Q3-2019 (Ending Sep 30 2019).docx Ref. No. 1911/033EN November 12, 2019 Subject Management Discussion and Analysis for Q3/2019

Thai ESG funds and strengthen the fiduciary duty of asset management companies (AMCs) to ensure responsible investment.  Mrs. Pornanong Budsaratragoon, SEC Secretary-General, said: “The Capital Market

an employer is no longer able to continue the PVD plan, the asset management company managing such PVD must ensure that the employees receive full benefits within the period specified by law and

received the full 100 points, the same as last year. The SEC has committed a plan to ensure good governance, transparency, and corruption-free operation, and to enhance the efficiency of operations and

sound financial health. Moreover, this aligns with the country's sustainable development goals and the SEC Strategic Plan, which aims to build a sustainable capital market. In this regard, the capital

MB. As the company has complied with efficiency management plan that help company reduce costs of sales and selling expenses. Please be informed. Yours Sincerely, Mr. Panya Boonyapiwat Chairman

contribution rate at 15%, to have an appropriate management plan for its investment, as well as to have the right benchmark to measure investment performance, for the most effective follow-up in and assessment

due to the adjustment of the wheat distribution strategy and the wheat management plan, which is the main raw material during the year, to maximize benefit to the company. บริษัท ที เอส ฟลาวมิลล จํากัด

management plan, and the goal of GHGs emission reduction for Thailand, and having been reviewed by Carbon Footprint Reviewer, and/ or;   (2) Green, Sustainability, and Sustainability-linked bonds * and/or(3

management plan, the management company has personnel designated as an investor contact person and has a system that allows communication between the investor and the investor contact person when the investor