same period last year. This resulted from the government measures to control the COVID-19 pandemic, by temporary closure of stores in Fashion and Hardline segments while Food segment were impacted by

GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the

shutdowns for planned maintenance more than those of the same period of the previous year. This resulted in the decrease in revenue from sales and rendering of services (excluding fuel costs) due to the

complete the first franchisee contract by this year Outlook on business opportunities from lift of curfew measures With the government measures to control the spread of COVID-19 pandemic, especially the

gradually ease the strict measures. In addition, the prolonged epidemic situation has resulted in people beginning to adjust their lifestyle to live safely in the new normal. • This trend is in line with the

Khlung, Kamphaeng Phet Province on 26 November 2021. This was result in the increase in electricity unit production, thus cost of sales of biomass power plants increased in line with the production

and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that prevent risk from CPO’s prices fluctuation. ทีตงั 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลอ

shareholders meeting to consider approving the disposition of shares from connected persons. The details of the transaction are described in the attached document. This transaction is connected transaction due

margin decrease 4.8% 6M YoY from 33.5% to 28.7%, mainly derived from gross profit margin of natural gas power plant decreased from 29.9% to 19.5% and decrease from 31.1% to 20.3%, respectively. This was

million, slightly increased by THB 4 million or 13% from Q2/2021. This was due to an increase in the head office employee expenses as well as repair and maintenance expenses, which was postponed during