75.45 million and shareholders' equity at THB 838.95 million. The company’s Debt-to-equity ratio was 0.09. Please be informed accordingly. Yours faithfully, Mr. Amnaj Eur-Areemitr Director Ms. Nichanun

shareholders’ equity 1,479.62 1,483.28 (3.66) (0.25) Total liabilities and shareholders’ equity 1,726.77 1,775.85 (49.08) (2.76) 4 1. Assets The Company’s total assets as of 31 December 2019 were Baht 1,726.77

no impacts on the shareholders’ structure, no impacts on the shareholders’ equity and no violation of relevant regulations. Previously, the SEC found that applications for registered capital reduction

days.On 8 May 2017, POLAR submitted the financial statements for the year 2016 to the SEC wherein the amount of the shareholders ' equity was 4.58 billion baht. But on the following day, the company

) Long-term loan 124.49 108.67 15.82 14.55 Other liabilities 36.30 34.53 1.77 5.11 Total liabilities 296.47 292.57 3.89 1.33 Total shareholders’ equity 1,481.69 1,483.28 (1.59) (0.11) Total liabilities and

follows: Unit : million baht Statement of financial Mar 31, 2017 Dec 31, 2016 Add (Reduce) Percentage Asset 1,091.54 1,067.16 24.38 2.28 Liabilities 207.53 204.88 2.65 1.29 Shareholders 'Equity 884.01

7.23 Other liabilities 37.27 32.79 4.48 13.66 Total liabilities 143.13 131.51 11.62 8.83 Total shareholders’ equity 1,506.14 1,491.26 14.87 1.00 Total liabilities and shareholders’ equity 1,649.26

) (6) Total liabilities 24,039 27,878 (3,839) (14) Total shareholders’ equity 26,863 26,286 577 2 Page 4 of 4  Financial position As of 30 December 2019, the Company and its subsidiaries’ total assets

liabilities 25,804 27,878 (2,074) (7) Total shareholders’ equity 26,423 26,286 137 0.5  Financial position As of 30 June 2019, the Company and its subsidiaries’ total assets decreased by Baht 1,937 million or

26.12 (7.51) (28.75%) Total non-current assets 754.64 648.24 106.40 16.41% Total assets 1,329.76 1,358.96 (29.20) (2.15%) Liabilities and shareholders’ equity Current liabilities Trade and other payables