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(Translation) Ref: EIC-AD012/2020 14 May 2020 Subject: Management Discussion and Analysis for the Performance for the three-month period ended 31 March 2020 To: President The Stock Exchange of Thailand The Board
represented in the consolidated financial statements as administrative expenses in accordance with financial reporting standards. The administrative expenses from the Company are slightly decreased Baht 2.1
administrative expenses in accordance with financial reporting standards. The administrative expenses from the Company are slightly decreased Baht 2.1 million or decreased 1.7 percent due to loss on exchanged rate
administrative expenses in accordance with financial reporting standards. The administrative expenses from the Company are slightly decreased Baht 2.1 million or decreased 1.7 percent due to loss on exchanged rate
28% 0.36 0.26 0.10 38% Note: The new financial reporting standards were reflected in company’s result of 2020 2 / 5 • Due to COVID 19, revenue increased 3% from rice business and dividend received for
components of equity according to new financial reporting standards –TFRS9. • As a result of the foregoing, net interest-bearing debt to equity ratio increased from 1.0 times as of December 31, 2019 to 1.1
-to-date information; (2) putting in place a reporting system for the information important to the company’s work management, such as financial and non-financial information and operational risk, for
-to-date information; 2 (2) putting in place a reporting system for the information important to the company’s work management, such as financial and non-financial information and operational risk, for
-to-date information; 2 (2) putting in place a reporting system for the information important to the company’s work management, such as financial and non-financial information and operational risk, for