Regional Highlights Figure 1: Regional Performance Asia  Production in Asia went up 38% YoY primarily on account of India PET consolidation & Indonesia PTA consolidation. The EBITDA increase was 44% YoY on

. 006 / 2018 February 28, 2018 Subject Explanation of the operating performance for the year 2017 To Managing Director The Stock Exchange of Thailand Pan Asia Footwear Public Company Limited would like to

Results Page 2 of 5 Consolidated Statement of Comprehensive Income (Unit: Bt.mn) 1Q17 4Q17 1Q18 % YoY % QoQ Revenues 1,202 2,564 1,123 (7%) (56%) - Residential 657 501 495 (25%) (1%) - Hotel 350 270 381 9

been audited by the independent auditor as follows: Statements of Comprehensive Income for the 4th Quarter and Year Ended December 31, 2018 Note: During 1Q’17, the subsidiary has recorded income incurred

: Ibis Styles Chiangmai Hotel invested by Premium Foods Co., Ltd. and Novotel Chumporn Beach & Golf invested by Thai Flavour and Fragrance Co., Ltd. Operation Results Statement of Comprehensive Income (MB

shareholders as well as to be the number one in the country conducting the non-performing debt management without collateral. Management Discussion and Analysis (MD&A) 2019 Page 2/6 Summary of Comprehensive

) (2.96) Item that can not be reclassified to profit or loss - - - - 0.73 0.20 (0.73) (100.00) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 23.25 5.58 29.48 6.92 31.11 8.62 (1.63) (5.24) 30th June 2016 In(De

than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 September 2017 30 September 2016 Increased (Decreased) Percentage Remark Sales and Services Income 485.79

- - - - 0.73 0.16 (0.73) (100.00) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 69.02 8.94 78.88 10.02 35.54 7.72 43.34 121.95 Comparison of nine-month period operating income ended September 30, 2017 and 2016 Unit

company would like to update the progress of debt restructuring as followings; From early of 2016, the Company was contacted by Asia Credit Opportunities I (Mauritius) Limited (“ACO I”), the juristic person