1 Ref: CK-19-0000-AFD(AC)-L-0054 November 14, 2019 Subject: Clarification on Operating Result and Financial Position for the nine-month ended September 30, 2019 Attention: President The Stock

inventories. Other Income Other income of the Company and its subsidiaries consists of agent fee income, interest income, gain on exchange rate and gain on short-term investment. For the nine-month period ended

5.99 million baht).This was due to unrealized gain on short term of investment and interest income. Cost of Sales In 2019, the company had the cost of sales valued 1,053.37 million baht or 69.29% of sale

- IT system development and internal control improvement of subsidiaries - Loss on change in fair value less cost to sale of biological assets - No gain on sales of deposit for land Financial Position

higher than first half of this year, the price was still lower than average price of year 2018. Other income on year 2019 increased 32.41 percent for a reason of increasing in gain from exchange rate

focuses on retail business as the main business under the concept of "The Power of Synergy", an important strategy to create the operating ecosystem generating a return for shareholders. In the past year

1,666.22 million, a net profit of Baht 95.43 million. Net profit increased due to gain from exchange rate and reversal of loss from impairment of investment in subsidiaries. 1.2 The company’s income from

% Depreciation & amortization 4,073 6,828 6,917 70% 1.3% (Gain) loss on disposals of PPE 0 23 160 NA 594% Management benefit expense (36) (41) (34) -3.9% -15% Other financial cost (59) (32) (23) -62% -31% EBITDA

ABICO 009/KV/2017 May 11, 2017 Subject : Explanation on operation result for the Quarter ended March 31, 2017 To : Director and Manager Stock Exchange of Thailand Abico Holdings Public Company

is less than the net asset value of the acquisition of shares at the acquisition date. The Company is still considering the gain from the acquisition of the business resulting from the difference