increasing from 15,000 tons per month before acquisition. With increased market share and improvement in quality, further increase in capacity utilization to 70% was planned by March 2020. Due to COVID-19

ability of repayment of the issuer before the investment. The detail of transaction is as follow; Items 1 2 3 4 5 6 7 Date of transaction 7 March 2019 21 March 2019 22 March 2019 9 April 2019 2 April 2019 1

2,289.55 100.00% 2,271.46 100.00% 5 2. Financial Status 2.1 Assets As for the assets value as at 30th June 2017 and 31st March 2017, the Company and its subsidiaries had total assets of Baht 2,289.55 million

Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its subsidiary for the three-month period ended March 31, 2019 Table 1

3344 Fax. 66 2 654 3323 No. PACE IR2019/004 Date: 15 May 2019 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2019 changing over 20% To: The President The Stock

Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2019 1. Q1/2019 Highlights Figure 1: Quarterly results  Thai Financial

(revised) Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the First Quarter ended 31 March 2019 1. Q1/2019 Highlights Figure 1: Quarterly results  Thai

assets value as at 30th June 2018 and 31st March 2018, the Company and its subsidiaries had total assets of Baht 2,525.72 million and Baht 2,362.03 million respectively. The increase was Baht 163.69

projects launched, sales volume and backlog as of 31st March 2020 The sales volume in Q1/2020 is 2.62 billion THB i.e. 2.1 52.92% are ready-to-move-in projects completed before 2020 comprising 36.77

hardline (Non-food) stores around 90% of total stores in accordance with the government requirement since 22 March while food business such as Central Food Hall, Tops Market, Tops Daily, and FamilyMart