prices and the inventories optimization at minimum resulting the decrease in the amount of trade accounts payable. Shareholders’ equity As of December 31, 2022, the Company and subsidiaries had total

million from the increasing in fuel material account payables and purchases of fixed assets account payable. As at 30 June 2022, the debt to equity ratio was 0.41 times, the net debt to equity ratio was

fuel material account payables and purchases of fixed assets account payable. As at 30 September 2022, the debt to equity ratio was 0.39 times, the net debt to equity ratio was 0.31 times, the interest

(decrease) of liabilities was mainly due to: • Current Liabilities increased by THB 31 million mainly due to an increase in accrued bonus and income tax payable. • Non-current Liabilities decreased by THB 32

sale and also increase of investments in associates and right of uses. Total liabilities also increased by Baht 1,631.8 million, largely attributable to increase of trade account payable. Total

was mainly due to: • Current Liabilities: decreased by THB 19 million mainly due to the payment of accrued bonus and account payable. • Non-current Liabilities decreased by THB 6 million mainly due to

account payable and bank loan. Total shareholders’ equity increased by Baht 777.1 million driven by increase of profit during the period. 4) Key Financial Performance Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023

. Total liabilities decreased by Baht 2,117.7 million mainly from decrease in trade account payable, bank loan and debentures. Total shareholders’ equity increased by Baht 319.2 million due to profit

account receivables and cash/cash equivalents which was used to repay bank loans and debentures. Total liabilities decreased by Baht 2,285.5 million primarily due to reductions in trade accounts payable

significant decrease in the demand of the shipping. These factors have negatively affected the operation of the shipping business group and they also significantly affected the Company. In this regard, the