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

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 1 Translation UWC 023/2562 August 16, 2019 Subject : Management Discussion and Analysis for quarter 2-2019

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 028/2018 August 10, 2018 Subject : Management Discussion and Analysis for quarter 2-2018 To

for certain period as the negotiation by the parties for conclusion of the shareholders agreement required as a condition precedent has not yet completed. The terms of the shareholders agreement being

as the negotiation by the parties for conclusion of the shareholders agreement required as a condition precedent has not yet completed. The terms of the shareholders agreement being under negotiation

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

, released company from certain operating expenses. • Regarding to costs control in raw material, promotional and selling expenses and administration expenses, company delivered significant improvement in

1. 1 percent even though the overall economic condition has continued improving from preceding year according to rapid export growth and continued robust growth in tourism. However, private

revenue, costs controlling in raw material, promotional and selling expenses and administration expenses. Revenue by segment Unit: million baht for 3-month period ended September for 9-month period ended

at the Land Office where the lands are located. So that, the Company’s Board has considered the value of the lands are appropriate by taking the same condition of evaluating price of the Land