Management Discussion and Analysis of the Company’s Performance for the year ended December 31, 2019 contract to the debt repayment insurance with those financial institution and it is causing the Company to

institution 1.00 1.01 1.03 Investments in subsidiaries - - 382.40 Leasehold improvement, vehicle and equipment 2.14 2.89 2.24 Intangible assets 0.29 0.22 0.13 Deferred tax assets 0.00 0.40 0.40 Deposits 0.51

. The Company entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that prevent risk

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2019, Thailand’s chicken meat export was about 954,010 tons, 6.93% up from 2018 and

contract from several financial institutions. A summary of the key operational matters and events for the 3rd Quarter 2017 GFPT Group had total revenue from sales of THB 4,399.39 million in 3Q2017, slightly

346.73 2.32 360.42 2.23 354.07 2.04 Property, Plant and Equipment 6,753.57 45.09 7,430.75 45.98 8,012.60 46.14 Deferred Tax Assets 358.17 2.39 373.55 2.31 383.79 2.21 Other Non - Current Assets 96.69 0.65

. Private investment continued to contract in all investment categories from the slowdown in domestic and external demands and also from the lower business sentiment impacted by the outbreak. Meanwhile

the 2nd Quarter 2020. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sales and raw material importation by hedging forward contract from

. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak. Private investment continued to contract in all investment