million, increasing by Baht 14.87 million or 1.00% from 2017, mainly due to the 1Q18 net profit of Baht 15.77 million. Cash Flow Statement Analysis หน่วย: ลา้นบาท For the period ended Change 31 March 2018

Discussion and Analysis Performance for the Period Ended December 31, 2018 Statement of Comprehensive Income 2018 2017 Change (Million Baht) (Million Baht) (%) Sales 2,020.63 2,147.64 (5.91) Foreign exchange

December 2018 the Company and its subsidiaries’ Cash Flow Statement presented 7,540 MTHB of cash and cash equivalents. The sources and uses of funds were following: 1. In 2018, the net cash flow from

totaling all transactions in the same - 2 - category within 6 months is subjected to 0.66% of net tangible assets of the financial statement as at 31 December 2018 and this is less than 15%. Therefore, the

due to the Company incurred cost of fund from debentures and loan increase. Summary of Financial Statement of Positions 31-Dec-17 31-Dec-18 Change MB % MB % MB % Assets Cash and cash equivalents 6.0 0.2

loss rate increased from the year 2018 due to the decrease of the total revenue of the company while having higher administrative expenses as mentioned above. Financial Statement for the ended of 30

Page 6 2. Operation performance according to consolidated financial statement Unit : Million baht Revenue from sales and rendering of services (excluding fuel cost) 7,889.98 5,881.33 2,008.65 34.2

of Cash Flow As of 31 December 2019, the Company and its subsidiary’s Statement of cash flows presented 10,510 MTHB of cash and cash equivalents. The sources and uses of funds were following: 1. In

in the period ended 31 December 2019. - 4 - Financial Position (in comparison to as of 31 December 2018) Overall financial position of the Company as of 31 December 2019, compared to the statement of

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