Writer Ref. No. 151/2561 10 August 2018 SUBJECT : Management Discussion and Analysis ending 30 June 2018 ATTN : President of the Stock Exchange of Thailand The Company realized profit for the second

declined yoy whereas revenue per head remained on the rise. The increase of revenue per head was Operation : Consolidated Profit & Loss Statement 3Q 3Q % 9 mth 9 mth % Unit : THB million 2019 2018 change

;), knew the inside information about an increase of the net profit of TRUBB and subsidiaries between January to February 2017 and January to March of 2017 by virtue of her position. Subsequently Miss

possessed the inside information that ICHI’s operating net profit decrease in the financial statement of 2016 which significantly fell from the operating net profit of Q4/2014 had a net loss of amount of

increase the statutory severance pay for an employee who has worked for at least 20 years. The key changes of employees’ benefit resulted from this Labour Protection Act caused an impact on the profit and

%) and IPD (10%). This promising growth was due to more subspecialties, more Operation : Consolidated Profit & Loss Statement 2Q 2Q % 6 mth 6 mth % Unit : THB million 2019 2018 change 2019 2018 change

quality of food and safety standards throughout our operation, right from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage

year that gross profit margin was 15.79%. This is due to last year the Company’s benefit from steel price rise from lowest price in year 2015. 4. Administrative expenses were Baht 289.07 million

increased because the unit sale price decrease as mentioned above. Also, Sweet corn price and can packaging price, which are major portion of costs, increased in year 2018. Gross profit The company has gross

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1