develop internal management and save costs on the impacts. 7. Attending and voting in the meeting of interested directors Mrs. Sirima Iamsakulrat and Mr. Jain Charnnarong, interested director, they did not

Director Meeting No. 3/2019 held on March 22, 2019 , the Meeting approved A. an investment in a subsidiary, J.S.P.. Property Management Co., Ltd.(JPM) by way of new issued shares amounting 8,300,000 shares

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subsidiary, please kindly find the following attachment. Please kindly be informed accordingly. Yours faithfully, Mr. Geza Emil Perlaki Managing Director For period ended 31 December 2019 MANAGEMENT DISCUSSION

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parties are not related to listed company or subsidiary company, either to management and shareholders. - General transaction : The disposal of 4 plots of land totaling area are 75 rai 34 square wah. The

Padaeng Industry Public Company Limited and its subsidiaries _______________________________________________________________ Management Discussion and Analysis (MD&A) For the three-month and six