financial institutions. The debt-to-equity ratio reduced to 0.43 at 31 December 2019 compared to 2.34 at the end of 2018. This improvement was mainly due to (1) the repayment of all short-term borrowings from

the minority shareholders of the subsidiaries have outstanding value of 1,413.05 and 168.43 million baht respectively. Debt to Equity ratio as at and 30th June 2020 and 31st March 2020 were 0.20 and

of 1,389.78 and 174.70 million baht respectively. Debt to Equity ratio as at and 30th September 2020 and 31st March 2020 were 0.20 and 0.30 times respectively. The lower D/E ratio was due to smaller

6.26 5) EBITDA * (Million Baht) 2,517 1,991 6) EBITDA to Total Assets (%) 2.61 2.13 7) Debt to Equity Ratio (Times) 0.51 0.53 8) Debt Service Coverage Ratio (Times) 6.09 5.18 9) Book Value per Share

* (Million Baht) 9,218 9,324 6) EBITDA to Total Assets (%) 9.67 9.87 7) Debt to Equity Ratio (Times) 0.49 0.54 8) Debt Service Coverage Ratio (Times) 1.58 3.27 9) Book Value per Share (Baht) 43.63 42.98 * Not

10.21 4) Return on Assets ** (%) 7.80 8.33 5) EBITDA * (Million THB) 2,870 2,834 6) EBITDA to Total Assets (%) 2.82 2.77 7) Debt to Equity Ratio (Times) 0.75 0.70 8) Debt Service Coverage Ratio (Times

offer for sale of equity instruments, debt instruments, and derivative warrants; 2. Related party transactions (RPT) of the listed company that are required to obtain approval from the shareholders, and

which included interest-bearing debt THB 73,824 million (excluded lease liabilities, TFRS 16 impact), and total shareholders' equity totaled THB 59,997 million. Total liabilities to equity ratio (excluded

Property, plant and equipment. The Company had a strong financial position with the capacity to repay debts which is reflected in low net interest bearing debt to equity at 0.15 times. 2018 Outlook Maintain

and non- controlling interest of subsidiary stood at Baht 1,414.78 million and Baht 208.03 million respectively. 7 Debt to Equity ratio as at 31st December and 31st March 2018 were 0.45 and 0.40 times