in the operating income until the gross profit being reported differently from the previous periods PAGE 8PAGE 8 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Normalized Net Income Q2/18 Q1/19 Q2/19

) Selling and Administrative Expenses 4 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Net Profit (Loss) Net loss in Q1-2020 was THB 27.20 million, decreased by 84.47% from THB 175.13 million from those of

1 No. ACC 2019/004 13 August 2019 Subject : Management Discussion and Analysis for the three-month and six-month period ended 30 June 2019 To : President The Stock Exchange of Thailand Index Living

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IP_AC/001/2563 February 24, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited

, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited ( “ the Company” ) would like

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 031/2560 August 10, 2017 Subject : Management Discussion and Analysis for quarter 2-2017 To