assets increased from accrued export incentive and directors’ remuneration, investments in joint ventures increased from proportional shareholding in Safe - 4 - Energy Holdings Company Limited, property

year due to the profit realized from the biomass power plant project 7.5MW of Prize of Wood Green Energy Co.,Ltd., invested by Safe Energy Holdings Co.,Ltd., started the commercial operation date on

sell investment in Safe Energy Holdings Co., Ltd to the buyer following the sales-purchase agreement dated 25 February 2020 at the agreed price of Baht 222.90 million in which the value is lower than the

safe online. We appreciate the partnership with the SEC and look forward to working together to address the pressing issue the industry is facing." Based on the statistics on the reports received from

2016 Current Ratio Times 1.91 2.12 Quick Ratio Times 0.50 0.50 Average Collection Period Days 33 37 Inventory Days Days 139 182 Accounts Payable Days Days 43 46 Cash Cycle Days 129 173 Leverage

ภายใตการกํากับดแูลของหนวยงานกํากบัดูแลดานหลักทรัพยและตลาดซื้อขายหลักทรัพย ที่เปนสมาชิกสามัญของ IOSCO 6. ขอบเขตของการ leverage สามารถกอภาระผูกพันโดยมีวัตถุประสงคเพื่อเพิ่มประสิทธิภาพในการบริหาร

March 2020 compared to 31 December 2019: 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q1 and FY use annualized EBITDA for the previous 4

: To leverage technology to deliver better access to capital market, to amend regulations to accommodate the use of technology in the KYC (Know-Your-Customer) process (or e-KYC), to issue regulations

Current ratio (time) 1.26 1.13 0.13 Leverage ratio Interest bearing debt to equity (time) 0.35 0.37 (0.02) Net debt to equity (time) 0.85 0.80 0.05 Interest coverage ratio (time) 14.51 14.66 (0.14) 2018

31 Mar 17 Return on Equity (%) 16.5% 18.9% Return on Assets (%) 12.7% 14.4% Collection period (days) 78 79 Inventory Days 46 44 Account Payable Days 91 101 Cash Cycle (days) 33 22 Leverage & Financial