Eng_MD&A Final Q3'19 November 13, 2019 Ref: SET-2019-011 Re: Management Discussion and Analysis for Quarter 3’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company

development which will be completed in year 2024 whereby the project was officially launched on 1 May 2019. In January 2019, the Company set up a new subsidiary (99.97%) named Dusit Hospitality Services Company

Co., Ltd. in this information memorandum. 9 Cost Estimates : It comprises of 95% of raw materials, labor and other costs of the Self-operate Restaurants and 8% of selling and administrative expenses of

transfer of shares that increases the holdings of foreigners to more than 25% of the Company’s registered capital. The Company or the Registrar may refuse to register the transfer of such shares as set out

Thailand Demeter Corporation Public Company Limited ( the “ Company” ) informed the Stock Exchange of Thailand (SET) of the progress of investment in the Biogas Power Plant Project on November 12, 2019 that

with respect to the asset acquisition transaction are set out in the Information Memorandum on Asset Acquisition of the Company, and are attached hereto as Enclosure 1. 2. Asset Disposal Transaction of

acquisition transaction are set out in the Information Memorandum on Asset Acquisition of the Company, and are attached hereto as Enclosure 1. 2. Asset Disposal Transaction of the Company (Translation

Criteria Land for constructing the plant 5.06 Appraisal by 3rd party appraisal company Water well 10 years rental 12.00 Design and exploration cost 5.00 Comparison done by the advisor to the project by price

new ordinary shares of the Company to accommodate the exercise rights of Warrant. And set the exercise price each year differently. The issuance and offering of warrant and new ordinary share to

service users as proposed by Spring26 for not less than 45 days prior to the date of service termination. Moreover, NBTC set compensation as a result of the License return in the amount of Baht 890.83