revenues were 5,005 million baht, decreasing 19% y-y. This is a result of the COVID-19 pandemic situation, economic slowdown and a higher household debt, In addition, the Bank of Thailand cut the ceiling

the COVID-19 pandemic, which is presently spreading rapidly and appears almost uncontrollable coupled with a higher household debt. In addition, the Bank of Thailand cut the ceiling rates of interest

sales declined by 9.7% due to intense marketing competition led by strong Thai Baht. Domestic sales portion ended up at 24.9% and export sales at 75.1%. The Company reported gain from foreign exchange

) 0.29 0.31 0.15 Debt-to-equity ratio (time) 2.03 1.60 2.00 Gross Profit margin (%) (0.77) 2.83 5.19 Net profit margin to sales* (%) (5.55) (1.51) (4.81) Average return on equity** (%) (154.97) (18.81

accordingly (for year 2016: sale volumes and production volumes at 187,043 tons and 189,008 tons in accordingly) - Gain from debt restructuring was achieved of THB 110 million resulting from debt-to- equity

% 2.0 1.6% Current portion of long-term loans 115.4 7.6% 118.7 7.7% 3.3 2.9% Short-term loan 39.6 2.6% 79.5 5.2% 39.9 100.8% Long-term loans - net of current portion 644.8 42.2% 615.6 40.0% -29.2 -4.5

drastic decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In 2019, distribution costs, administrative expenses, and doubtful debt expenses was 1,390 MTHB, increased by

position in cash flow and liquidity, the Company and its subsidiaries can repay the debt obligations including trade payables and other payables, short term loans, the current portion of long-term loans from

Loan 0.0 60.0 -60.0 100.0% Trade and other payable 136.6 102.7 33.9 33.1% Long-term Loan - Current portion of Long term Loan 195.8 122.4 73.3 59.9% Short-term Loan 119.8 0.0 119.8 100.0% Long-term loan

seller agrees to proceed for the Nation University to repay for the last installment of the debt within 31 January 2019. 2. Involved Parties and Relationships between the Parties Shares Purchase Agreement