the asset value under the present conditions as much as possible. Therefore, it is the opinion of the IFA that the most appropriate approach to evaluate the asset is the Adjusted Book Value Approach

534.6% Share of profit (loss) from investment in an associate and joint ventures (50.2) (2.9%) (158.8) (13.8%) (108.6) (216.3%) Finance costs (Interest expenses) 205.5 11.7% 196.8 17.1% (8.8) (4.3

in associate 2.14 1.44 0.70 48.6% Income tax expenses -49.39 -67.95 18.56 -27.3% Net profit 200.70 270.07 -69.37 -25.7% Minority interest in subsidiary -57.11 -61.89 4.78 -7.7% Net profit of the

104.79 1.35 1.3% Total expenses 3,066.16 2,946.38 119.78 4.1% Earning before interest and tax 341.41 279.67 61.74 22.1% Finance cost -4.83 -8.02 3.19 -39.8% Share of profit from investment in associate

of income from investment in associate 0.42 0.25 0.17 68.0% Corporate Income tax expenses -14.11 -14.83 0.72 -4.9% Net profit for the period 56.90 59.32 -2.42 -4.1% Profit Sharing for non-controlling

associate and joint ventures 16.2 2.3 (50.2) (2.9) (409.9%) Profit (loss) before income taxes 169.9 23.7 (174.5) (10.0) (202.8%) Income tax expenses (34.7) (4.8) (27.4) (1.5) (21.1%) Profit (loss) of the year

expenses (148.5) (9.3%) (245.0) (9.3%) 65.0% Administrative expenses (311.6) (19.6%) (799.4) (30.3%) 156.6% Other income 452.4 28.4% 147.5 5.6% (67.4%) Share of profit (loss) from investment in an associate

. Administrative expenses In 3Q2023, administrative expenses were THB 9.06 million, increased by THB 1.17 million or +14.79% YoY. This was mainly due to the increase in expenses regarding investments in associate

diligence of the business unit is currently undertaken to evaluate the pricing. o Increasing in the amount of THB 15.30 million due to grouping of machinery and equipment of energy crops business unit which

subsidiary Aphakorn Industries Company Limited change status from an associate to a subsidiary which receive repayment from PA Capital Company Limited is making a profit from fair value adjustment of 6.14