was increased from previous year 52.55% to 54.21%. It came from the sales of high cost goods with the increased portion and the sales promotion activities to clear existing goods in stock. Distribution

company had an strictly and effective stock management and cost control of raw material. Expense In the first quarter of 2020, the company had the selling cost of 5.12 million baht, decreased by 3.35

from the sale of raw materials, which is a hold for a long old Stock. Expenses 1. Cost of sales and hire of work totaling 5.08 Million Baht increased from the same period last year by 3.10 Million Baht

28 April 2020 At: ACC/HO 011/63 Re: Management Discussion and Analysis for the Quarter of 1/2020 To: President The Stock Exchange of Thailand Following the Coronavirus 2019 (COVID-19) pandemic and

Stock Exchange ," %! ' trading cost ()*'P*O* % 50% M$#" traditional exchange .%#$.KL#()* traditional exchange *)"O*P.M$()* \% "O*!"*P' )bML"')*O#"L"`.jL,""O%j()*&P*M$ # direct market access O* &P*#$!#bML

between 15-20 days in order to avoid increasing cost of sales from stock of products too much. Because the fluctuation of palm oil prices is still an important factor in the Company's profitability. As of

Company has repaid the loan since late last year until this year as well as refinancing of the loan with lower financial cost.  Completion of WHAUP’s listing to Stock Exchange of Thailand (SET) by Initial

November 14, 2017 Subject : Management Discussion and Analysis of 3rd quarter ended September 30, 2017 Attention : President The Stock Exchange of Thailand Operating Performance . Revenues Three

February 27, 2019 Subject : Management Discussion and Analysis for year and 4th quarter ended December 31, 2018 Attention : President The Stock Exchange of Thailand 1. Operating Performance 1.1

May 12, 2018 Subject : Management Discussion and Analysis for quarter ended March 31, 2018 Attention : President The Stock Exchange of Thailand 1. Operating Performance . Revenues (Thousands Baht