financing to repay and reduce interest expenses and as a result, the debt-to- equity ratio declined from 0.17 times to 0.13 times (based on the Company's financial statements ending June 30, 2017). 6.3 The

ratio is 1 unit of warrant for 1 ordinary share. The exercise price is Baht 0.55. The last exercise date is September 15, 2019. The purpose to use the funds in this section is to reserve for debt

leads to a lower finance cost and increase financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of

and bills of exchange which leads to a lower finance cost and increase financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty

value of the company and increase the equity portion, making a stronger financial statement, improve debt conditions, and improve the financial ratio, increase confidence with the financial institution

/Equity Ratio 1.75 1.44 1.75 1.44 Net Debt/Equity Ratio 1.28 1.18 1.28 1.18 Leverage (Net Debt/EBITDA) 3.76 3.03 3.76 3.03

2017 FY2016 Return on Equity (ROE) 8.37% 2.52% 12.22% 11.29% Return on Assets (ROA) 5.05% 1.56% 7.37% 6.97% Return on Fixed Assets (ROFA) 23.35% 22.33% 27.68% 31.92% Debt/Equity Ratio 0.69 0.62 0.69 0.62

% 7% 5% 7% Return on Fixed Assets (ROFA) 26% 29% 26% 29% Debt/Equity Ratio 1.41 1.34 1.41 1.34 Net Debt/Equity Ratio 1.11 0.81 1.11 0.81 Leverage (Net Debt/EBITDA) 2.80 2.25 2.80 2.25

% 36.06% Debt/Equity Ratio 1.34 0.67 1.34 0.67 Net Debt/Equity Ratio 0.81 0.25 0.81 0.25 Leverage (Net Debt/EBITDA) 2.27 0.71 2.27 0.71

(ROFA) 28% 22% 31% 30% Debt/Equity Ratio 1.38 0.78 1.38 0.78 Net Debt/Equity Ratio 1.13 0.43 1.13 0.43 Leverage (Net Debt/EBITDA) 3.06 1.80 2.82 1.35