and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity

. 018 / 2018 May 9, 2018 Subject Explanation of the operating performance for 3-month period ended March 31, 2018 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company

) Public Company Limited ( the “Company”) would like to clarify its operation results for the Quarter 1/FY2019 ( ended December 31st, 2018 ) of the Company and its subsidiaries, as follows: Performance

hereby clarifies the changes in the performance as follows: FINANCIAL PERFORMANCE FOR THE YEAR OF 2018 Consolidated Financial Statements 2017 2018 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1

-Translation - Ref. APURE 002/2019 February 22, 2019 Subject : Financial Position and Operating Performance of year 2018 Attention : The Director and President of the Stock Exchange of Thailand

February 2020, approving the audited consolidated financial statements for the fiscal year ended on 31 December 2019. The Company would like to report factors that affect the financial performance of the

performance, please see 2Q 2017 performance analysis. Despite the lower-than-expected recovery of advertising spending during the first half of 2017, the Company expects to see an improvement in advertising

2017. The MD&A would enable the investors to better understand the Company and its subsidiaries’ 2nd quarter of 2017 reviewed financial statements. An Analysis of Performance * Analysis of Income The

investors to better understand the Company and its subsidiaries’ 3rd quarter of 2017 reviewed financial statements. An Analysis of Performance * Analysis of Income The Company and its subsidiaries recorded

Ref No. CC20171104ELE November 13, 2017 Re: Clarification of the changes in operation performance for the third quarter and the nine- month period ended September 30, 2017 Attn: The President The