year, due mainly to a one-time gain from the sale of assets in the second quarter of 2019 and the impact from of the COVID-19 pandemic mentioned above. On 11 August 2020, the meeting of the Board of

สรุปผลการดำเนินงานของบจ -Translation- August 14, 2020 Subject: Management Discussion and Analysis for Quarter 3 /FY2020 To: Managing Director The Stock Exchange of Thailand Inoue Rubber (Thailand

349.69 million Baht. Most assets consist of inventories, property plant and equipment, cash and cash equivalents, account receivables and other receivables. For the first 6 months of 2020, the return on

of Directors No.03/2020 held on March 10, 2020 from 09:40 a.m. as follows: Please be informed accordingly Yours sincerely, Kenji Fujita Managing Director Connected transactions The Board of Director’s

(256.53) (22.19%) TOTAL LIABILITIES 629.52 720.97 (91.45) (12.68%) TOTAL SHAREHOLDERS' EQUITY 269.79 434.87 (165.08) (37.96%) As the March 31, 2020, company and subsidiaries had less total assets than the

epidemic. Therefore, the main customers, espeacially in the real estate sector, delay launching their new projects. Financial Position As of 30th June 2020, the company’s group has total assets of 861.61 THB

private sector jobs. This leads to an increase in average gross profit margin compared to the previous year. Financial Position As of 31st December 2019, the company’s group had total assets of 681.42 THB

of 30 th September 2 02 0 , the company’s group has total assets of 8 46 .08 THB mn, an increase of 164.66 THB mn compared to 31st December 2019. The major cause of such increase is unbilled

September 30, 2020, company and subsidiaries had less total assets than the period September, 2020 at Baht 60.44 million or 6.60%, because of the cost of real estate development projects for sales, deposit

baht and reversal of allowance for doubtful accounts of investments, prepaid investment amount of 14.00 million baht, profit from sales of condominiums, Country Complexes and other assets totaling 8.95