expenses 47.47 8.93 47.45 8.94 Finance costs 8.69 1.14 8.69 1.14 Bad debt and doubtful accounts (reversal) (0.10) (0.02) (0.10) (0.02) Other expenses 108.50 19.40 120.12 19.43 Total expenses 420.25 58.71

decreased by 67.18 million Baht or 121.69%, according to the lower debt balance and exchange gain/loss on loans. For your information. Respectfully Yours, Mr. Pawat Vitoorapakorn Chief Executive Officer

58.84 million to THB 55.31 million due to the reversal of provision for doubtful debt THB 4.71 million in quarter 2. T.662 636 6999 F.662 646 4200

comparing to September 30, 2018. These represented the Company’s book value per share at 17.91 and debt to equity ratio (D/E ratio) at 0.35 times. Cash Flow As at September 30, 2019, the Company had cash

.) Purpose of investment - To invest in operating assets. - To use as working capital of Thai Identity Sugar Factory Company Limited - To partially use to repay debt between Thai Identity Sugar Factory Company

amount as of December 31, 2019 by Baht 39.94 million, or an decrease of 2.61 percent, resulting from debt management of the Company and its subsidiaries. Shareholder’s Equity As of March 31, 2020

13.25 million. The Company has already set an allowance for loss of such bad debt. However, the Company has adopted the Thai Financial Reporting Standard - Group of Financial Instruments (TFRS 9) which

31, 2019 because of the borrowing from financial institutions. The debt to equity ratio stood at 0.19 time and the current ratio was at 2.88 times. - The shareholders’ equity amounted to 1,427.88

cooling industry systems from cost-effective management. Other Income Other income is income from other business operations of the Company such as interest income and bad debt, etc. In the second quarter of

debt to equity ratio (D / E ratio) at 0.34. Cash Flow As of March 31st, 2020, the Company had net cash generated from operating activities around 239.25 million baht, increased about 160.80 million baht