of TFRS 9 Financial Instruments by applying the Simplified Approach รn measuring the expected credit loss, the loss is expected to be incurred over the life of the debt and the loss is recognized since

Operating Debt to Equity (times) 0.39 0.54 0.80 (51)% 0.39 0.80 (51)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may

, private consumption and tourism. Both private and public investments remain largely at stable levels whilst consumer spending is constrained due to high household debt levels, decline in agricultural

amounted to 131.75 million baht, up by 12.56 million baht or 10.54% on a year-on-year basis on the back of the following reasons: 1) The studio rental services partially launched commercial operation. 2) The

Perp interest (76) (59) (49) (159) (105) 52% Proceeds from issue of ordinary shares due to warrants exercised 452 0 - 452 (0) (3) Increase/(Decrease) in Net Debt on cash basis (364) 212 (111) (187) 562

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are based upon

)% 4.12 3.26 26% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are

Machines for the Debenture Debt repayment To: President The Stock Exchange of Thailand Enclosure: Information Memorandum on the Asset Disposal, Schedule 1 of Rich Asia Corporation Public Company Limited

including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget