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Acc.001/2563 February 24, 2020 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for the Year 2019 Dear Sir, S. Khonkaen Foods Public Company Limited

Acc. 006/2019 November 11, 2019 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for Quarter 3/2019 Dear Sir, S. Khonkaen Foods Public Company

sell ordinary shares in President Bakery Plc., for the number of 1,500,000 shares, at Baht 61.16 per share, for total amount of Baht 91,740,000.-, to Thai President Foods Plc., who is a connected party

Acc. 023/2017 August 10, 2017 To: The President The Stock Exchange of Thailand Dear Sir, Subject: Management Discussion and Analysis Quarter 2 Ending 30 Jun 2017 S. Khonkaen Foods Public Company

Acc.028/2017 November 9, 2017 To: The President The Stock Exchange of Thailand Subject: Management discussion and Analysis Quarter 3 Ending 30 Sep 2017 Dear Sir, S. Khonkaen Foods Public Company

Acc.002/2018 February 21, 2018 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for Year 2017 Dear Sir, S. Khonkaen Foods Public Company Limited or

Acc. 003/2019 May 13, 2019 To: The President The Stock Exchange of Thailand Subject: Management discussion and analysis (MD&A) for Quarter 1/2019 Dear Sir, S. Khonkaen Foods Public Company Limited or

Ratio 1 (times) 1.63 1.54 1.81 Quick Ratio 2 (times) 0.53 0.37 0.57 Cash Ratio 3 (times) 0.67 0.68 0.80 Account Receivable Turnover 4 (times) 17.65 17.27 17.78 Average Collection Period 5 (days) 20 21 20

since GFN started its operation in 2010. As a result, revenue from selling live broilers to GFN in 2018 improved by 14.80% comparing to 2017. Processed Foods Segment Revenue from processed foods segment