39.75 million. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 201# Page 12 4., Analysis of Equity As at September 30, 2018, equity was Baht 59,777.52

Microsoft Word - MD&A-3Q2019-E FA V25Oct2019.docx 1 Ref: CSO. 026/2019 Date: 5th November 2019 Subject: Management Discussion and Analysis Quarter 3 Ending 30th September 2019 Attention: President

Page 1 of 4 11 November 2019 Subject : Management Discussion and Analysis Quarter 3 Ending 30 September 2019 To : The President The Stock Exchange of Thailand WICE Logistics Public Company Limited

Shareholders' equity 3,439.4 5,132.1 Total Liabilities & Equity 15,197.6 15,280.6 15,197.6 15,280.6 Unit: THB mn Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018

Company, therefore, the interesting bearing debt to equity ratio and the debt to equity ratio of shareholders do not exceed 1:1 which is in compliance with the Company’s policy. The financial costs are also

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

" #$"% &'ก ( (Feeder Fund) 1(2ก Janus Henderson Horizon - GLOBAL SUSTAINABLE EQUITY FUND I(! IU2 Jก("KJ!"L (USD) ก !ก"!"( Henderson Management S.A.R( %S #กT!$"% &กU"Kก 2%S # SiCAV UX $Y1$#!กก ZK UCITS ก !ก

5.37 1% Total shareholders equity 608.04 589.74 18.30 3% Total liabilities plus shareholders equity 1,467.97 1,444.30 23.67 2% Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS FOR

continue. Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2018 3.2. Assets, Liabilities & Shareholders’ Equity Similar to comments made in Q1 the main

. Shareholder equity reduced with the lower net result. Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2019 Balance Sheet Summary as of 30 September 2019