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TACC-003/2020 February 20, 2020 Subject: Management Discussion and Analysis for the year ended December 31, 2018 To: President The Stock Exchange of Thailand T.A.C. Consumer Public Company Limited

(Thailand) Public Company Limited (currently renamed as Global Consumer Public Company Limited (NPP)), (3) Ms. Tipparat Sakornsuksriruek, (4) Ms. Rinnapa Kunawatsatit, (5) Mr. Wattana Swatthong, (6) Mr. Danuj

profit such as China. Also, in order to maximize the brand value of DEAN & DELUCA (D&D), the Company is developing consumer products to sell in D&D stores and other distribution channels to help the

developing consumer products to sell in D&D stores and other distribution channels to help the Company generate more revenues. In the future, the company plans to focus on low-cost investment and maximize

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large industry that uses big bags to transport goods, meanwhile, the flexible packaging’s consumer products of the Company are consumer products for retail sale. Therefore, the Company's and VAVA's future