-Current Liabilities 549.0 689.3 (20.4) Total Liabilities 1,207.1 1,331.2 (9.3) Total Shareholders’ Equity 1,854.1 1,694.6 9.4 Current Ratio (times) 1.89 2.12 Debt to Equity Ratio (times) 0.65 0.79 As of

shareholders' e Equity Ratio (D/E) and Interest Bearing Debt to Equity Ratio represented at 1.38 and 1.20, respectively. 17, the subsidiary’s ethanol business has amalgamated with Bio-fuel business of subsidiary

. - Additional shares can be subscribed by existing shareholders including AEONTS have pre- emptive rights to subscribe the additional issuance of new common shares in proportion of 80% which is an existing shares

. As of December 31, 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.31 times as a result of lower debts and higher equity. Shareholders' Equity As of December 31, 2017, shareholders

as they were in term of short-term liabilities. The major liabilities were short- term loans from financial institutions, bank overdrafts, and trade accounts payable. Shareholders’ Equity: As of 31

-bearing debts 1.80 81.69 -98% Employee Benefit Obligation 38.35 25.46 51% Other liabilities 80.83 60.75 33% Total liabilities 234.86 282.61 -17% Total shareholders' equity of the Company 1,590.99 1,490.24 7

% Note * Shareholding as at December 29th, 2017, the latest shareholders registered book closing date. (3) General Explanation regarding Nature of the Connected Transaction Details of the connected

any of the following investors: (1) a juristic person having any of the following characteristics: (a) having shareholders’ equity in the amount of two hundred million baht or more, according to the

juristic person having any of the following characteristics: (a) having shareholders’ equity in the amount of two hundred million baht or more, according to the audited financial statements for the most

shall refer to any of the following investors: (1) a juristic person having any of the following characteristics: (a) having shareholders’ equity in the amount of two hundred million baht or more