Analysis Forthe three-month period ended June 30,2017 To: The President, The Stock Exchange of Thailand Home Pottery Public Company Limited ("The Company") would like to submit the Management Discussion and

May 13, 2019 Subject: Management Discussion and Analysis For the three-month period ended March 31, 2019 To: The President, The Stock Exchange of Thailand Home Pottery Public Company Limited (“The

branches, customers can order our products via direct phone through sales team and sales representative as well as delivery to customer’s home. The Group had increased sales team to support such channels for

respectively, increasing by Baht 12 million or 1% increase compared to the same period of 2019. Details are as follows: 1) Revenue from sales of real estate in the second quarter of 2020 increased by Baht 241

36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management

take-home or delivery services only. The Group placed importance on maintaining continuity in providing efficient services to our customers and therefore the Group focused on improving the efficiency of

1.97mn subscribers, with a net increase of 106k subscribers 5.7% QoQ, and an increase of 28% YoY, despite subsiding demand to work from home. The increase was driven by a low-price entry package and

changes over the past few years. Traditional media such as television, newspaper, magazine and radio has been in steady decline, while Out-of-Home (“OOH”) and online/digital media have become the go-to

the third quarter of 2019 was 3.1%, increased from 2.5% comparing with the same period of last year. The main reasons for the increase in profit from continuing operations were mainly due to an

share, declined by 25.5% YoY to THB 3,418mn. Nevertheless, Out-of-home media, which includes Transit, Outdoor and In-store media (collectively, “OOH”) bucked the trend, increased by 12.7% YoY to THB