August 10, 2020 Subject: Management Discussion and Analysis For the three-month period ended June 30, 2020 To: The President, The Stock Exchange of Thailand Home Pottery Public Company Limited (“The

% 81.58 139.23 70.67% -2- staying at home and cook foods more frequently causing the demand for sauces and condiments to increase. Cost of Sales Cost of sales in 2Q20 was Baht 197.36 million which increased

ตนเอง (home market) ด้วย (skin in the game) 7 ประกาศคณะกรรมการก ากับหลกัทรัพย์และตลาดหลักทรัพยท์ี่ กจ. 9/2555 เรื่อง การก าหนดบทนยิามผู้ลงทุนสถาบัน และผู้ลงทนุรายใหญ่ ลงวันที ่9 กรกฎาคม พ.ศ. 2555 หน้า 8

exchange rates. KBank hence prioritized effective risk management in order to cope with economic uncertainties both at home and abroad. We adopted a prudent credit policy, accounting for customer potential

acceptance and recognition from various organizations both at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of

Billboard initiated by GREYNJ UNITED agency which was presented on MACO’s large-format billboard was granted Gold award from ADFEST 2018 TRANSFORM in Best use of Billboard & Street Furniture, Large/Highway

Fund EWJ AMEX US4642868487 464286848 ishares MSCI United Kindgdom fund EWU NYSE US4642866994 464286699 Ishares MSCI South Korea Index Fund EWY NYSE US4642867729 464286772 Ex elon Corp. EXC New York

products. For the domestic, the Lockdown measure from the Thai government resulted in the hypermarket stores such as Tesco Lotus, Big C, Home Pro, etc. that are the customers of the company necessary to

since April 2020 of its hotel operations in Thailand, Maldives, Fiji and Mauritius and some hotels in United Kingdom. In accordance with the government’s request to facilitate the government officers who

allowed KBank and K Companies to meet business targets and at the same time gain wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this quarter. C