Net Profit Margin (%) 2.17 2.34 2.15 Current Ratio (Times) 1.33 1.34 1.36 Debt to Equity Ratio (Times) 2.27 2.16 2.09 Book Value per Share (Baht) 2.11 2.16 2.09 Net Profit per Share (Baht) 0.40 0.46

Current Ratio (Times) 1.33 1.34 1.43 Debt to Equity Ratio (Times) 2.27 2.16 1.79 Book Value per Share (Baht) 2.11 2.16 2.22 Net Profit per Share (Baht) 0.40 0.46 0.45 Yearly Management Discussion and

Net Profit Margin (%) 2.33 2.40 2.36 Current Ratio (Times) 1.34 1.43 1.35 Debt to Equity Ratio (Times) 2.16 1.79 2.17 Book Value per Share (Baht) 2.16 2.22 2.15 Net Profit per Share (Baht) 0.46 0.45

& Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

30 June 2017 4. Vanachai Energy Industries Co., Ltd. invests the power plant project. 14 Nov. 2017 600,000,000 3.99% VS total assets value of the consolidated financial statements as at 30 Sep. 2017

. Vanachai Panel Industries Co., Ltd. invests the production project of Particleboard. - 2,000,000,000 - - 13.40 - 4. Vanachai Energy Industries Co., Ltd. invests the power plant project. 14 Nov. 2017

1 Translation CEN 015-2020 August 14, 2020 Subject Notification on disposal of investment in subsidiaries (Biomass Power Plants Business) of Ua Withya Public Company Limited To The Manager and

within December 2017. Industry Overview In term of the retail industry in 3Q17, there has been constant low growth from the previous quarter due to the weakness in buying power especially for low-income

such as rubber and palm, weighed on household purchasing power. In response, the government approved Baht 84.2 billion in December to help support domestic spending. At the same time, private investment

investment in Green Earth Power (Thailand) Company Limited (GEP) that is the investor of solar power plant project with installation capacity 220 MW at 3 Minbu District, Myanmar that ECF Power Company Limited