73 1 / 4 Pef. MD 048/2019 13th August 2019. Subj Management Discussion and Analysis (MD&A) Q2/2019 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary Public Company

73 1 / 4 Pef. MD 066/2019 8th November 2019. Subj Management Discussion and Analysis (MD&A) Q3/2019 Dear Managing Director of Stock Exchange of Thailand We, Patum Rice Mill and Granary Public Company

customers, while maintaining and controlling in product cost position including managing Foreign Exchange more efficiency. Moreover, the Company has operated to get product approval from Brand Owners. In the

has prepared its cash flow by managing costs appropriately and being more careful with investment plans for preventing unforeseen situations. Quarter Quarter Quarter Quarter Quarter 3/2019 4/2019 1/2020

said transaction is connected transaction relating to Assets or Services because Ms. Kanjana Pongpatanadecha is spouse of the Managing Director of the Company. The total transaction size is more than

% 396.54 258.16 54% % Net profit margin 18% 18% 0% 21% 16% 5% Non-controlling interest 0.12 (0.51) -123% 0.65 3.62 -82% Net profit attributable to The Company 81.74 70.55 16% 395.89 254.54 56% * Non-cash

% 15.29 8.80 74% Financing cost 0.58 7.18 -92% 2.98 24.16 -88% Tax (Note) 18.57 2.34 693% 10.64 20.89 -49% Net profit 74.43 51.65 44% 197.63 117.12 69% % Net profit 19% 16% 3% 19% 13% 6% Non-controlling

26.31 -89% Tax (Note) 15.82 7.87 101% 26.45 28.77 -8% Net profit 58.29 37.61 55% 255.91 154.94 65% % Net profit margin 16% 12% 4% 18% 13% 5% Non-controlling interest 2.35 1.76 33% 24.67 0.30 8261% Net

156% % Net profit margin 32% 18% 14% Non-controlling interest 0.26 3.16 -92% Net profit attributable to The Company 176.41 65.92 168% Page 2 of 4 decrease of IPD visit number, revenue per visit has

% Corporate Tax 22.13 17.10 29% 78.73 48.63 62% Net profit 89.61 75.08 19% 314.68 188.12 67% % Net profit margin 19% 17% 2% 22% 16% 6% Non-controlling interest 0.17 0.19 -8% 0.53 3.47 -85% Net profit