Court of Thailand’s ruling on PTT Public Company Limited given on 14 December 2007. As a result, the last transaction price of such equity instruments does not represent the fair value and thereby affects

and intense competition. Transaction For the Year ended 31st December Unit 2019 2018 Gross Profit Ratio % 10.90 14.58 Earnings Ratio % 0.19 3.15 Debt to Equity Ratio Time 0.30 0.27 Return on Equity

, liabilities and shareholders' equity as follows; Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2017 2016 Amount % Total Assets 480.16 508.14 (27.98) (5.51) Total

Assets Value 6.20% 2. Net Profit (12-month period) 32.52% 3. Total Value of Consideration 2.42% 4. Value of Issued Equity NA The transaction size of the Transaction calculated based on the 12-month period

equity. 2. Related transaction from the related persons: Member, the related transaction is related to asset or service that is larger than 20 million baht or 3% of NTA (whichever is higher). The

the value of securities issued for the payment of assets criteria Transaction size = Number of equity issued as consideration × 100 Total number ofissued equity of the Company = Cannot be calculated as

Credit (SBLC) in the amount of up to USD 50 Million by the Company to Indo Rama Synthetics (India) Limited (“IRSL”), a connected party. Rationale of the transaction: Post-acquisition of equity stake and

Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme is a transaction with a person who will become a controlling person of the Company and, therefore, is considered as a

Debt to Equity Conversion Scheme is considered as a connected transaction under the Notification of the Capital Market Supervisory Board No. Tor Chor. 21/2551 Re: Rules on Connected Transactions and the

of shares issued to pay for assets Number of shares issued to pay for assets x 100 Number of paid-up shares of the company = The company will not issue new equity. 2. Related transaction from the