equity at 4.90% lower than the year 2017 having the return on equity at 7.80%. Asset Management As of 31st December 2018, the Company’s financial position was analyzed from changes in the assets

to Baht 95 million, a decrease of Baht 39 million or a decrease of 29% from that of the previous year. This is consistent with the decreased profit. 4 Financial position Assets Unit: Million Baht 31

., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th Assets and Liabilities QoQ % YoY % Current Assets 420.68 329.50 330.46 0.958 0.29 -90.222 -21.45 Fixed Assets

position that changed from its financial status as of December 31, 2016. The changes are described as follows: Assets Balance by Quarter Changes Items that has significant changes Q1-2017 Q4-2016 Q1–2017 vs

) Increased (decreased) As of June 30,2017 As of December 31,2016 Million baht Percent 1 Total Assets 3,600.17 3,601.56 (1.39) (0.04) 2 Total Liabilities 1,499.01 1,453.92 45.09 3.10 3 Total Shareholders

. 20/2008 Re: Procedure for entering into the material transaction, which is regarded as the Acquisition or Disposal of Assets. The size of Proposed Transaction is less than 15% consequently, this

2017 3.2. Assets, Liabilities & Shareholders’ Equity The main contributors to the increase in total assets are from an increase in inventory mainly fuel and also the impact of an increase in property

P a g e 1 | 8 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets

performance (percentage) 5.3 4.9 0.4 -4- Statements of Financial Position and Statement of Cash Flows As of the end of the Quarter 3 of 2017, the total assets of the Company and its subsidiaries are THB 3,620

end of 2017 declining to 5.0% from 5.6% at the end of 2016. On Special Asset Management business, the Bank sold non-performing assets (NPAs) totaling Baht 987 million and had gain of Baht 481 million