2016, the net profit amount of Bath 84.03 million. In 2017 net profit is decreased by Baht 189.752 million Baht or 225.82% which details are as follows; (1) Revenue from sales In 2017, the Company and

• Gross profit from sales of real estate was THB 215.8mn, decreased 24.6% YoY, and GPM was 27.9% • Total assets as of 30 June 2018 stood at THB 12,753.0mn, an increase of THB 2,295.0mn • Debt to Equity

per annum. However such issuance and offering of debenture caused from the objective to prepare the source of fund for the business expansion in the future. 3. Profit for the period Unit: Million Baht

1,107.0 46.4% Gross Profit/2 981.7 1,884.0 902.3 91.9% 2,784.6 2,957.9 173.3 6.2% Net Profit 303.0 1,051.9 748.9 247.1% 1,082.9 1,458.5 375.6 34.7% Normalized Total Revenue/3 2,338.8 2,911.8* 573.1 24.5

14.07 (2.72) Profit before FX per share (Baht) 4.57 5.62 (1.05) Leverage Ratio and Liquidity Ratio Quarter 1 2020 Quarter 4 2019 Change Increase/(Decrease) Debt to equity ratio (Time) - Consolidated 1.16

1,174.8 1,571.8 1,199.2 (397.0) (25.3) (24.4) (2.0) Profit for the period 96.8 111.1 166.2 (14.3) (12.9) (69.4) (41.8) Overall in the Q1–2023, the Company’ s total revenue and total operating expenses

. . . . % Profit Sharing for the Year - The Company’s Equity . . . . % - Non-controlling Interest ( . ) ( . ) . . % Management's Discussion and Analysis and operating results for the Year 2017 Page 3 / 10 3.1

55.10 million. 3.2.2 Equity decreased in the amount of THB 300.09 million. The main reasons were as follows: (1) The profit of the six-month period of 2020 in the amount of THB 2,434.98 million (2) The

increased by Baht 56.98 million or 3.04% compare with last year, mainly from an increase in short-term loans to support more working capital. The Company's debt to equity ratio as at 31 December 2019 is 1.90

payment in May, as a result, the Debt to Equity ratio increased from 1.23 times to 1.50 times. Panjawattana Plastic PCL. 28 Moo 2, Tumbol Chaimongkol, Amphur Muang, Samutsakhon 74000 Registration No