of the staff cost resulting from the increase of minimum wages and the employment due to the branch expansion, as well as the increase of the rents of the existing branches and new branches. Net Profit

objective of investment in establishing the said subsidiary by means of acquisition of shares from the existing shareholder and subscription of newly issued shares of Anypay Co., Ltd. (“Anypay”). Details of

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

million into our capital structure as of June 30, 2017, the illustrated net interest-bearing debt to equity ratio would be 1.6 times. Development of Solar Projects Pursuant to Notification of the State

-Translation- Ref. No. PorBor. 029 / 2020 19 June 2020 Subject: Entering into Transaction of Disposing of Subsidiary’s Machines for the Debenture Debt repayment (Additional information) To: President

boost up utilization rate over the existing capacity, but also leverage the Company distribution networks of over 180,000 retailers nationwide. Revenue from sales by product group Unit: THB million 2019

investing in N.E.X.T Company Limited (“NEXT”) by acquiring all shares of NEXT’s existing shareholders (the “Seller”) and by the subscription of NEXT’s newly issued shares (collectively, the “Transaction

organizing, by investing in N.E.X.T Company Limited (“NEXT”) by acquiring all shares of NEXT’s existing shareholders (the “Seller”) and by the subscription of NEXT’s newly issued shares (collectively, the

2.03 27% Core EBITDA/t (US$/t)) 107 100 94 14% 97 86 13% Net Operating Debt to Equity 0.84 0.80 0.99 0.84 0.99 Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

107 42% 132 97 36% Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net Operating Debt to Equity (times) 0.45 0.39 0.84 (46)% 0.45 0.84 (46)% 1Consolidated financials are based upon elimination of