(Translation) November 14, 2018 Ref: SET-2018-017 Re: Management Discussion and Analysis for Quarter 3’ 2018 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited

วันที่ 15 ตุลาคม 2545 1 NO. (SUTHA-SET) 015/2018/EN 14 November 2018 Subject: Management Discussion and Analysis of the Company and subsidiary for the period ended 30 September 2018 To: The President

person assigned by the board of directors of the securities company to be ultimately responsible for the management of the securities company regardless of what the title may be; “person with power of

directors of the securities company to be ultimately responsible for the management of the securities company regardless of what the title may be; “person with power of management” means a deputy manager, an

; “manager” means any person assigned by the board of directors of the securities company to be ultimately responsible for the management of the securities company regardless of what the title may be; “person

10 บมจ.0107537002109 Page 1 of 6 บริษทั ดีมีเตอร ์คอรป์อเรชัน่ จ ำกดั (มหำชน) Demeter Corporation Public Company Limited เลขท่ี 191/43 อำคำรซีทีไอ ทำวเวอร ์ชัน้ 21 ถนนรชัดำภิเษก แขวงคลองเตย เขต

by the Board of Directors of the Company during the Board Meeting No. 12/2018 on November 9, 2018. Hinoki WW has ordered the purchase of Hinoki wood for the production within the investment budget of

businesses, also our operation. In 1Q20, the Company reported the net loss attributable to owners of the parent of Baht 82 million and the loss including attributable to non-controlling interest of Baht 78

maturity; (4) investing in bill of exchange or promissory note that ordered payment or issued by a commercial bank or other banks established under specific law or securities company licensed to undertake

promissory note that ordered payment or issued by a commercial bank or other banks established under specific law or securities 3 Amended by the Notification of the Capital Market Supervisory Board No. TorThor