million, decreased by Baht 72 million or 4.0% from Q3’2017, mainly from declining in total green tea market while the company still maintained market leader position, and partly from the fire incident at

due to lower prices. Net debt to equity is at 0.99 times, well below IVL’s covenants, and supported by stronger operating cash flow. The dividend payout of THB 1.225/share for 2019 remains higher than

Baht 1,810 million last year mainly due to waiver of interest of Baht 5,506 from creditors consequent to conversion of the Debt to Equity, Gain from capital reduction in Subsidiary Baht 1,130 million and

. Also, there were concerns about pockets of risks in the property market, further accumulation of household debt, and debt serviceability of SMEs, especially those affected by changes in structural

. 2535 (1992) (including the amendments thereof) which has been amended by the Order of the Leader of the National Council for Peace and Order No. 21/2560 (2017) Re: Amendment of Laws to Facilitate

the Order of the Leader of the National Council for Peace and Order No. 21/2560 (2017) Re: Amendment of Laws to Facilitate Business Operations in relation to Shareholders’ Meetings. A person designated

accordingly (for year 2016: sale volumes and production volumes at 187,043 tons and 189,008 tons in accordingly) - Gain from debt restructuring was achieved of THB 110 million resulting from debt-to- equity

power, as farm income continued to be constrained by low prices of agricultural products and nonfarm income remained lackluster. Moreover, high levels of household debt caused the generation of new loans

-Bearing Debt. Our Net Interest-Bearing Debt to Equity ratio was at 0.57x. PERFORMANCE BY BUSINESS Utilities Business Revenue from Sales and Services from Utilities Business in 1Q2018 of Baht 422.0 million

Are Not Debt Instruments or Investment Units dated 3 August 2009; (3) The Notification of the Capital Market Supervisory Board No. Tor Thor. 1/2553 Re: Rules, Conditions and Procedures for Brokerage and