Stock Exchange of Thailand Notice is hereby given that the Board of Directors’ Meeting of Kaset Thai International Sugar Corporation Public Company Limited (the “Company”) No. 1/2020 held on November 25

(Days) 36 48 Total Debt to Equity Ratio (Times) 0.43 0.51 Interest Coverage Ratio (Times) 153.16 73.26 Debt Service Coverage Ratio (Times) 10.69 6.55 - 6 - (3) Asset Management Capability (3.1) Debtor

of business’s equity, namely cash receipts or repayment for borrowings, cash receipts from stock, treasury stock, warrant share, debentures, debt instrument, subordinated instrument or cash paid for

debt instruments Increase in issued and paid-up share capital Additional paid-in capital Cash spending in redemption of treasury stock Cash receiving from the sale of treasury stock Payment of dividend

Redemption of debenture and long-term debt instruments Increase in issued and paid-up share capital Additional paid-in capital Cash spending in redemption of treasury stock Cash receiving from the sale of

(Translation) UAC.CS/003/2020 February 27, 2020 Subject: Explanation of the operating results for the year period ended December 31, 2019 To: President The Stock Exchange of Thailand Attachment

from bond issue on August 2017. Net Interest-bearing Debt in 3Q2017 was Baht 7,589.7 million, decrease from Baht 10,292.9 million in 3Q2016 presenting the Net Interest-bearing Debt-to-Equity ratio of

-to-equity ratio of 2.97 times and the interest-bearing debt to equity ratio of 2.61 times. Forward Looking The Company's operation has been continuing to set goals for the sustainability of the

Cycle (Days) 43 48 Total Debt to Equity Ratio (Times) 0.51 0.51 Interest Coverage Ratio (Times) 72.99 73.26 Debt Service Coverage Ratio (Times) 56.23 6.55 (3) Asset Management Capability (3.1) Debtor

(Times) 9.77 8.44 Average Collection Period (Days) 37 43 Inventory Turnover Period (Days) 19 19 Average Payable Period (Days) 16 18 Cash Cycle (Days) 40 44 Total Debt to Equity Ratio (Times) 0.47 0.51