, 2017 % December 31, 2016 % Trade and other receivables 80.17 6% 60.87 5% Inventories 81.41 7% 67.80 6% Investment in associated company 476.96 36% 474.65 37% Property, plant and equipment 555.96 42

ริ๊งส ์จ ำกดั (มหำชน) Food and Drinks Public Company Limited 1 | P a g e November 14, 2017 Subject: Management discussion and analysis of the operating results for the quarter 3/2017 Attn: President The

% Investment in associated company 483.96 36% 474.65 7% Property, plant and equipment 558.59 42% 557.68 5% Biological assets – dairy cow 44.28 3% 38.56 3% Others 61.09 4% 52.82 4% Total assets 1,345.45 100

million, respectively. Major assets were cash and cash equivalents, short- term investments at financial institutions, and property, plant and equipment. As of 31 December 2016 and 31 December 2017, the

| P a g e 2. Cash flow from investing activity, net cash received in Baht 2.25 million has essence transaction as follows: - Dividend income from associate Baht 13.64 million - Purchase for equipment

electrical equipment, while revenue from sale telecommunication tower decrease due to the communication system 4G end of the investment. 2. Gross profit: The total gross profit of the year 2018 was Baht 460.41

to Baht 1,816.96 million and Baht 1,793.25 million, respectively. Major assets were cash and cash equivalents and short-term investments at financial institutions, and property, plant and equipment. As

Public Company Limited 1 | P a g e May 14, 2019 Subject: Management discussion and analysis of the operating results for the quarter 1/2019 Attn: President The Stock Exchange of Thailand Please find the

ended up 21.5% and export sales 78.5%. The Company reported gain from foreign exchange hedging at Baht 8.3 million. Other income from sales of scraps, obsolete equipment reported at Baht 2.5 million

Public Company Limited 1 | P a g e August 14, 2019 Subject: Management discussion and analysis of the operating results for the quarter 2/2019 Attn: President The Stock Exchange of Thailand Please find the