June 30, 2019 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For six months ended June 30, 2019 Overall Group Performance Table 1

impact of additional provision for retirement benefits, the net profit*margin would be 12.5% for Q2’19 and 13.2% for 1H’19. - Overall Q2’19 Net Sales were at THB 6,295 million, +5.7% YoY. Domestic

“Notifications on Connected Transactions”). Nevertheless, since such amalgamation has the purpose of shareholding restructuring only and the result of the amalgamation will not cause any change in control nor

of the Stock Exchange of Thailand, Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (collectively, the “Notifications on

, have the same meaning as defined in the Notification of the Securities and Exchange Commission governing definition in the notifications relating to issuance and offering of securities issued by virtue

: Clause 1. The following Notifications shall be repealed: (1) Notification of the Securities and Exchange Commission Re: Requirements relating to Accounting of Securities Company dated 18 May 1992; (2

: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (collectively, the “Notifications on Acquisition or Disposal of Assets Transaction”). The

Assets, 2004 (including any amendment thereto) (collectively, the “Notifications on Acquisition or Disposal”). The transaction size of such divestment has the highest transaction value equaling 9.82% based

“Notifications on Acquisition or Disposal”). The transaction size of the said acquisition has the highest transaction equaling to 2.77% based on total value of consideration paid or received criteria from reviewed

and Disposition of Assets Notifications”). The acquisition equivalent to 0.26% of the value of net tangible assets which is a maximum transaction value calculated from the reviewed consolidated