MD&A Q4_2019 (Eng ) February 19, 2020 Subject : Yearly Management Discussion and Analysis of 2019 Attention : President of The Stock Exchange of Thailand We attach herewith the financial statements

Page 1 of 3 GEL.CS.001/2563 2 March 2020 Subject: Management Discussion and Financial Analysis for the operating results as at December 31, 2019 To: Director and Manager The Stock Exchange of

% Sales Revenue (Millon Baht) 1,307 1,923 1,903 46% -1% 4,080 5,431 33% EBITDA (Million Baht) 160 163 109 -32% -33% 449 453 1% EBITDA Margin (%) 12.3% 8.5% 5.7% -6.5% -2.7% 11.0% 8.3% -2.7% Stock Gain/(Loss

year more than 20% (additional) To: President The Stock Exchange of Thailand Rich Asia Corporation Public Company Limited and subsidiaries would like to clarify the results of the quarter ended March 31

Writer Ref. No. 088/2561 11 May 2018 SUBJECT : Management Discussion and Analysis ending 31 March 2018 ATTN : President of the Stock Exchange of Thailand The Company realized profit for the first

Attn : The Directors and The MAI Manager Ref: Dimet AC 0817/1 August 30, 2017 Attention: The Directors and The MAI Manager The Stock Exchange of Thailand Subject: Year End result and clarification of

Attn : The Directors and The MAI Manager Ref: Dimet ACC 1711/001 November 9, 2017 Attention: The Directors and The MAI Manager The Stock Exchange of Thailand Subject: Report on Q1’s performance Dear

Attn : The Directors and The MAI Manager Ref: Dimet AC 1905/001 May 13, 2019 Attention: The Directors and The MAI Manager The Stock Exchange of Thailand Subject: Report on Q.3’s performance (January

73 1 / 3 Pef. MD 105/2018 14th November 2018. Subj Management Discussion and Analysis (MD&A) Q3/2018 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary Public

(raw material), COGs/revenue ratio of Q1/2019 are at high level. This is because of high stock level carried over Q4/2018.  Increase in cost of sales of are main impact to minus in bottom line. 3 / 4