(Reversal of) 299,854 80,778 73% Gain from debt restructuring (336,979) (677) 100% Loss on confirmed purchase orders of 0% undelivered raw material (Reversal of) 21 36,961 15,138 59% Reversal of loss on

the year 2022 be higher than the year 2021. For the selling price, the average selling price increase from the year 2021. Whereas the raw material price in the year 2022 was in range between 28.93-61.22

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

% Core EPS after PERP Interest (THB) 0.85 0.67 1.31 (35)% 3.67 3.86 (5)% Core EBITDA/ton ($) 115 102 153 (25)% 119 132 (10)% Operating Cash Flow5 385 261 222 73% 1,172 855 37% Net Debt to Equity (times

the annual general meeting in April and paid out in May. Financial Status The group currently has no interest bearing debt. Cash reserves and financial investments at the 31st December, 2017 were THB

on devaluation of inventories (Reversal of) (28,195) 40,783.00 (169%) Gain from debt restructuring - 91.00- (100%) Loss on confirmed purchase orders of - undelivered raw material (Reversal of

of raw material increases. EBITDA in year 2018 and 2017 amounted THB 83.9 MB and THB 209.3 MB respectively. ZIGA INNOVATION PUBLIC COMPANY LIMITED 999/9,10,11 MOO 9 NAIKLONGBANGPLAKOD, PHASUMUDJADEE

assets and repayments of long-term loans, and dividend payment during the year. - The increase in inventory, by 14.35%, from raw material and inventory reserved. - The decrease of value added tax

and develop securities business related to investment management; “debt financing” shall include the issuance of debt instruments or conclusion of any transaction that would result in or is in substance

importance for Golden Lime: the limestone quarry operated by TMC has already been one of the raw material suppliers in the past, but Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR