Ref. PDI/BK-BS-064/2019 12th November 2019 Re: Management Discussion and Analysis (MD&A) For the three-month and nine-month periods ended September 30, 2019 To: President The Stock Exchange of

Subject Management Discussion and Analysis for the second quarter ended 30 June 2020 Attention President The Stock Exchange of Thailand According to the resolution of the Board of Directors of JAS Asset

: Directors and Manager, The Stock Exchange of Thailand N.D. Rubber Public Company Limited (“the Company” or “NDR”) would like to present the MD&A for the Three-Month period ended 31 March 2020 which was

market to become the GMS Connector as follows: (1)  Supporting fundraising of foreign companies, especially GMS countries to list their shares on the Stock Exchange of Thailand by enacting primary listing

Thai capital market to become the GMS Connector as follows: (1)  Supporting fundraising of foreign companies, especially GMS countries to list their shares on the Stock Exchange of Thailand by enacting

building Mueang Kao omprising tw storey buildin at Yai Distri l area of 1 n BBB, WPS, nce NU, WP the core busi its burden o xpenditures w business to es of the inv , which comp activity and e hannel on d

large area. (Which is under construction and design) to become a tourist center. There will be land and utilities development by allocating the project area into Develop land for sale, construction of

("The Company") and its subsidiaries operates a property development business, with a total of 4 projects, World Industrial Estate Project (Lamphun) Project, Lamphun Province, divided into Industrial area

Governors of the Stock Exchange of Thailand Re: Disclosure of Information and other Acts of Listed Companies concerning the Acquisition and Disposition of Assets B.E.2547 (2004) on 29th October 2004

., Ltd and appointment of member of audit committee. (Revised) To: President The Stock Exchange of Thailand Enclosure: Information Memorandum regarding the Acquisition of Asset of Demeter Corporation