To: Director and manager, The Stock Exchange of Thailand Attachment: Management Discussion and Analysis (MD&A) of the year 2017 The Union Textile Industries Public Company Limited submitted the

28 April 2020 At: ACC/HO 011/63 Re: Management Discussion and Analysis for the Quarter of 1/2020 To: President The Stock Exchange of Thailand Following the Coronavirus 2019 (COVID-19) pandemic and

Stock Company, 2) trade and other payables of THB 167mn and 3) advances received from employers and unearned revenue of THB 18mn. This increase was mainly offset by a decrease in 4) lease liabilities of

transaction including additional announcement and according to the announcement of the Stock Exchange of Thailand regarding the revealing of operating data of registered company in connected transaction B.E

in Epicure Catering Co., Ltd. of THB 146 million o Cash inflow from net financial assets of THB 479 million o Cash inflow from capital reduction on investment in associate of THB 17 million • Net cash

18.08 16.96 26.52 Share of profit (loss) of associate (9.01) (34.10) (40.44) (35.59) (25.09) (73.58) 4.85 13.63 Net profit 16.06 (12.86) 40.46 28.35 28.92 224.88 12.11 42.72 - Operational profit amounted

Share of profit (loss) of associate (17.40) (4.02) (31.43) (1.49) 13.38 322.84 29.94 2,009.40 Net profit 14.24 20.83 24.39 41.21 (6.59) (31.64) (16.82) (40.82) - Operational profit amounted to Baht 31.64

2.30 3.95 221.91 7.51 326.52 Operational Profit 24.85 6.19 42.70 11.41 18.66 301.45 31.29 274.23 Share of profit (loss) of associate (4.02) 16.45 (1.49) 48.23 (20.47) (124.44) (49.72) (103.09) Net profit

expenses 5.51 0.65 15.32 2.95 4.86 747.69 12.37 419.32 Operational Profit 21.24 6.92 63.94 18.33 14.32 206.93 45.61 248.82 Share of profit (loss) of associate (34.10) 20.82 (35.59) 69.05 (54.92) (263.78

according to the additional paid up in the capital of GPSC’s associate. Moreover, in the first 9 months of 2017, the company and its subsidiaries had net cash paid for Baht 3,214 million. The detail is as