of duty through fraudulent conduct, misappropriation of assets, and seeking unlawful benefits for themselves or others, causing harm to IEC. This case is in the process of inquiry by the inquiry

breach of duty through fraudulent conduct, misappropriation of assets, and seeking unlawful benefits for themselves or others, causing harm to IEC. This case is in the process of inquiry by the inquiry

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