, Suthin and NE. Sunthon, who was an NE director, was involved in the arrangement. Case 7: Committing a fraud by misappropriating money of IEC through the transactions related to the outsourcing contract

for the investigative expenses, at the total amount of 1,530,485 baht. In addition, the offenders were prohibited from holding the positions of director and executive of any securities issuing company

AC2802/2018 February 28, 2018 Subject: Management Discussion and Analysis for Year2017 To: Managing Director The Stock Exchange of Thailand The company would like to report the operation results for

64.95 million Baht. Please be informed accordingly. Yours Faithfully, (Mr. Vichai Tanpatanarat) Director

showed a loss of Baht 275.46 million. Signature___________________________ (Mr.Supawat Sa-Nguan-Ngam) Position Managing Director Authorized to sign on behalf of the company

million Baht compared with net loss of 1.96 million Baht in the same quarter last year. Best regards, Sawai Chatchairungruang Managing Director

transaction. Signature…………........……………………….Authorized director (Mr.Surin Tohtubtiang) Position Chief Executive Officer

Director, Chief Financial Officer

controlled on the selling and administrative expenses. Please be informed accordingly. Sincerely yours, (Unyarat Pornprakit) Director and Chief Executive Officer

average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director Financial Ratios Q1 2018 Q1 2017 Gross profit margin 23.9% 22.4% Net