(Translation) (Translation) IR 014/19 November 12, 2019 President and Director The Stock Exchange of Thailand Subject : To explain the reasons on the company’s net profit (net loss) more than 20

review of consolidated interim financial statements of the Group and the interim financial statement of the Company for the period ending March 31,2017. The results shows net profit of Baht 153.62 million

14th August 2019, Management Discussion and Analysis Attention: President of the Stock Exchange of Thailand, Eason Paint Public Company Limited (EASON) reported the statement of income as of second

contract work 12.44 8.50% 7.14 6.12% -5.30 -42.57% Revenue from services income 1.20 0.82% 0.49 0.42% -0.71 -58.84% Revenue from rental income 0.58 0.39% 0.70 0.60% 0.12 21.63% Total revenues 146.29 100.00

Baht (88%). The corporate income tax rate at 20% is the same as last year. Profit For the year Q2/2017, the Company and its subsidiaries’ net profit amounted 8 million Baht. This was 10 million Baht (56

%). The corporate income tax rate at 20% is the same as last year. Profit For the year Q3/2017, the Company and its subsidiaries’ net profit amounted 5 million Baht. This was 4 million Baht (250%) higher

subsidiary for 1st quarter of 2018 ended 31 March 2018. The company net profit of Baht 31.94 million when compared with the same period of year 2017 posted net profit of Baht 7.29 million due to the following

on foreign exchange rates amount 2 million Baht, net increased by 6 million Baht (148%) from Q3/2017 profit on foreign exchange rate of 4 million Baht. Income Tax Income tax of Q3/2018 amount is -0

374 -100 -26.68% Share of profit (loss) from Investment in Associates and Joint Venture 64 49 15 30.75% EBIT 339 423 -85 -20.02% Interest Income 1 9 -8 -86.38% Finance cost -87 -93 6 -6.86% Income tax

Quarter 1 /2018. The major part was income from transportation revenue, income from voucher unused from customers and compensation from delayed construction. Cost of Sales and Gross Profit Unit : THB mm