2017 was due to the low efficiency in asset utilization. At present, PCCA’s production capacity for cosmetic products accounts for approximately 40 percent of the total production capacity. Moreover

Management Discussion and Analysis for the year 2023 2 Thailand car production decreased by 12.3% in Q4 2023. The decrease in revenue was due to the following reasons: 1) Automotive Parts Business; Lower

of the most significant recent trends in production, sales and inventory, and costs and selling prices since the latest financial year. 3. If a financial forecast is also included, provide a clear

stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29% Core

(except where stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29

is approximately 0.79 percent of the Company’s Net Tangible Assets (NTA) (NTA of the Company as per the latest financial statement as of June 30, 2017 was Baht 12,668.99 million) which is less than

approximately 0.20 percent of the Company’s Net Tangible Assets (NTA) (NTA of the Company as per the latest financial statement as of June 30, 2017 was Baht 2,804.78 million) which is less than Baht 20 million or

= THB 400,000,000.00 x 3.25% x 3 year = THB 39,000,000.00 4.2) Size of Transaction : Size of the transaction equal to 0. 3368% of the net tangible assets by calculating from the audited consolidated

tangible assets by calculating from the audited consolidated financial statement of the Company and its subsidiaries as at March 31st, 2018. Size of Transaction = Value of Transaction / Net Tangible Assets

maximum interest rate received from financial institutions as of August 31st, 2018 4.2) Size of Transaction : Size of the transaction equal to 0. 2201% of the net tangible assets by calculating from the