1 (Translation) MD. 083/2019 May 8, 2019 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2019 To: President The Stock Exchange of Thailand Management Discussion and

Stock Exchange of Thailand K. W. Metal Work Public Company Limited (the “Company”) would like to submit management discussion and analysis for the three month-period ended March 31, 2019 with details as

S&P MD&A Q3_2018-ENG -1- Ref. POL. 119/2018 November 09, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

Rnj, (Translation) MD. 073/2020 May 13 , 2020 Re: Management Discussion and Analysis For the Operating Results ended March 31, 2020 To: President The Stock Exchange of Thailand Management Discussion

R&B Food Supply Public Company Limited 15 May, 2020 Re Management Discussion and Analysis for the First Quarter ended March 31, 2020 Attn. The President The Stock Exchange of Thailand (SET) R&B Food

products to meet investors’ long-term investment goals;             (3)  Supporting SME Growth and Financing: To lay out a direction for developing small-and medium-sized enterprises (SMEs) capability

gain from foreign exchange of THB 92 million from THB appreciation, but realized a few loss from Yen depreciation. The company also received income tax refund from 2007 as revenue of THB 226 million

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales

Cash Used in Investing Activities (933.21) (740.03) 193.19 Net Cash Used in Financing Activities (328.15) (442.49) (114.33) Effects of exchange rates in cash and cash equivalents - 0.59 (0.59) Net

) (84.0) Less: Dividend income 157.8 121.4 36.4 30.0 389.6 442.2 (52.6) (11.9) Interest received 26.2 35.6 (9.4) (26.4) 87.3 127.6 (40.3) (31.6) Gain on foreign exchange (69.6) 42.0 (111.6) (265.8) 65.3