13.90 % from the previous year. Yours Sincerely, (Dr. Chamnan Chanapai) Managing Director

, additional allowance for doubtful accounts and increased financial cost for business expansion activities as mentioned above. Best regards, Warawut Arunothai Managing Director

policy focus on cost management and internal resource management to maximize efficiency, including managing cash flow to be sufficient for business operations. The financial results of the company and its

Managing Director&CEO

(ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director

selling and administrative expense was 7.69 million baht, and the total income was 72.62 million baht. Please be acknowledged Yours sincerely (Mr. Kovit Rongwattanasophon) Managing Director

Executive Director, and Managing Director

. Surachet Kamolmongkolsuk- (Mr. Surachet Kamolmongkolsuk) Managing Director

Date : August 14, 2020 Subject : Management Discussion and Analysis for the Quarter 2/2020 To : Managing Director The Stock Exchange of Thailand Kuang Pei San Food Products Public Company Limited

current ratio is increased due to the decrease in liabilities. Please be informed accordingly. Yours sincerely, -Signature - Mrs. Pimporn Chotirattanakul Managing Director