sales from lower EDC purchase plus greater ECH sales from the additional volume to China, Taiwan and Indian accounts. The share of domestic and export sales have no significant change comparing to the

follows: (Unit : Baht million) Consolidated Results* Year 2019 Year 2018 Increase / (Decrease) % Change Revenue from sales 120.13 214.32 (94.19) -43.95% Other revenues 3.00 0.24 2.76 1,152.06% Total

51.45 Net porofit margin (%) 11.40 9.20 2.20 23.93 8.71 6.46 2.26 34.94 Net profit per share (Baht) 0.12 0.12 0.00 0.24 0.16 0.08 2nd quarter 6 months Unit : THB'000 The main businesses of the Company and

quarter ended March 31st, 2018. The operating results were, Description First Quarter 2017 First Quarter 2018 Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Revenues Revenues

(“the Company”) would like to submit the management’s discussion and analysis of our operating results for quarter 2/2018 period ended June 30, 2018, as follows: (Unit: Baht million) Quarter 2 2018

lower cost of the steel-coil price as well as being able to increase production by opening the warehouse in the new factory. Resulting in lower production costs per unit. The Company’s other income THB

per share (Baht) 0.08 - 100.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization Statement of Income : Million Baht ZIGA INNOVATION PUBLIC COMPANY LIMITED 999

sales Revenue from OEM was Baht 62.3 million, decreased 14.1% from 1Q19, decline in economic conditions in the UK and EU markets, with covid-19 not yet reached in March. Unit : Million Bht. Q1 Q1 YoY

Baht appreciation during 6M/2018 relative to 6M/2017.  EBITDA margin was slightly lower to 26.9% in Q2’2018 because selling price per unit to IUs remain unchanged, while gas cost is higher. Normalized

REVENUE STRUCTURE FINANCIAL PERFORMANCE 5 Table 2) Revenue Drivers: Price per Unit Price per unit Units Q1’19 Q4’19 Q1’20 change change y-on-y q-on-q Electricity to EGAT Baht/kWh 3.25 3.07 3.13 (3.7%) 2.0