35.11 81.96% Selling expenses 9.20 4.08 5.12 125.49% Administrative expenses 14.60 15.81 (1.21) (7.65%) Finance cost 1.02 0.88 0.14 15.91% Profit before income tax expenses 111.79 33.39 78.40 234.80

23.73% 7. Mrs. Pranee Parksook Senior Vice President, Finance Department 0.10% Director 0.05% (3) General Explanation regarding Nature of the Connected Transaction Details of the connected transaction are

% 296,381 6% Current portion of long-term loans from financial institutio 100,800 1% - 0% 120,000 2% 132,000 3% Short-term borrowings - 0% - 0% 160,000 2% 207,405 4% Current portion of finance lease

99.93% Selling expenses 12.23 4.58 7.65 167.03% Administrative expenses 19.75 14.31 5.44 38.02% Finance cost 0.53 0.89 (0.36) (40.45%) Profit before income tax expenses 113.42 55.02 58.40 106.14% Income

Discussion and Analysis, Q2/2018 Page2/4 Q2/2017 Q2/2018 % Change 6M/2017 6M/2018 % Change Operating Profit 178.9 190.4 6.4% 286.8 377.5 31.6% Finance Cost (18.2) (30.6) 68.1% (34.5) (58.3) 69.0% Tax Expenses

239.3 -319 -57.1% Finance Cost 71.2 111.9 40.7 57.1% 134.7 210.9 76 56.6% Tax Expenses 59.5 19.4 -40.1 -67.4% 62.4 36.6 -26 -41.3% Net Profit attribute to Equity’s Shareholders. 148.1 44.5 -103.6 -69.9

from fixed assets of 74.00 Million Baht, decline from depreciation charges of 76.36 Million Baht and selling intangible assets of 21.01 Million Baht, decline in Finance lease receivable of 18.65 Million

Administrative expenses, impairment finance costs and share of loss from associates 57.53 777.43 37.52 78.22 Doubtful Account 86.50 1,168.92 - - Loss on impairment of goodwill 51.20 691.89 - - Management benefit

(77,391) (90,438) -14% (175,229) (163,963) 7% Finance costs (32,990) (41,363) -20% (66,706) (84,437) -21% Profit (loss) before income tax (37,427) (115,017) 67% 162,635 203,499) 180% Income tax (10,117

value of consideration received from the net asset value of Thai Bonnet Trading Zone Co., Ltd. 2.5 Finance costs in the amount of Baht 8.34 million, mainly from interest paid on loans from financial