with low traveling demand and cooperated with government orders as well as the announcement from Civil Aviation Authority of Thailand (CAAT) regarding to COVID-19 spread out situation. As a result, for

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and Determination of the Date of Extraordinary General Meeting of Shareholders No. 1/2018 To: President The Stock Exchange of Thailand Enclosures: 1. Information Memorandum on the Offering of Newly Issued Ordinary Shares to Specific Investors (Private Placement) at the Offering Price with a Discount of...

Results Analysis on Previous Operation According to the economic situation in 2016, the capacity and sales of automobile and motorcycle manufacturing industry which is the main business unit of the Company

markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors, which in turn dampened domestic spending sentiment. The situation adversely affected the government’s

Profit attributable to Equity holders of the Company amount of 595.1 million baht, or 17.4% from the same period last year. Due to the COVID-19 situation causing the slow transactions. In addition, the

1Q2018 were 8.62% of net sales, gently increased from 8.17% in 1Q2017. Share of Loss from Associated Companies The consolidated share of loss from associated companies based on the equity method in 1Q2018

based on the equity method in 2Q2018 was THB 22.19 million, increased by THB 129.92 million, or 120.60% up from 2Q2017 mainly from loss contributed from GFN was THB 44.90 million, increased by THB 102.88

5 of 13 Share of Profit from Associated Companies The consolidated share of profit from associated companies based on the equity method in 3Q2018 was THB 78.32 million, increased by THB 13.40 million

associated companies based on the equity method in 1Q2020 was THB 100.25 million, increased by THB 78.51 million, or 361.13% up from 1Q2019 mainly from GFN’s profit contribution was THB 12.25 million

of 71.8 percent and net profit of Baht 12.40 million or decreased by 69.1% while compared to the same period of last year which the net profit was Baht 40.13 million due to the epidemic situation from