-Holding Public Company Limited the land with notice of offer to purchase plot of the Company’s land comprised of 4 title deeds, totaling an area of 6-0-66.4 rais located on Rama III Road, Alley 47

million or 163.32% compared to the same period of year 2019, Because of the company had sold a plot of land held Development amount Baht 106.31 million profit from sales, net of commission at Bath 5.50

million or 15.41 percent. Due to the company has sold 1 plot of land total price 68 million baht but revenue from sales of houses and condominiums were decreased. Rental Income and Service Revenue The

due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

quarter again on target. We met our key financial objectives, such as EBITDA and net income, despite a very weak sugar season, via launching commercial sales of a new product, extending the export markets

stemmed from the decrease in sugar prices and cost of production. Since the 1st quarter of 2017, the Company had been relocating its production lines of sauces and condiments to the new factory, such

increased from 29.45% in 2017 to 37.91% in 2018. The main cause of such increase stemmed from an increase in the proportion of revenue from sales of Seasoning and Dipping Sauce products, a decrease in sugar

increase in prices of sugar and garlics, which are the main raw materials used in the production, and Baht appreciation has contributed to a slight decrease in gross profit margin. Selling Expenses Selling

increased from 35.71% as compared to the same quarter of 2018. The main cause stemmed from an increase in proportion of revenue from sales of sauces and condiments, a decrease in sugar and garlic prices and

1 No. LorBor. 11/2019 May 13, 2019 Re: Joint Venture in Pulp Mold Manufacturing Project Attn.: President The Stock Exchange of Thailand Kaset Thai International Sugar Corporation Public Company