aim to strengthen the financial status, reduce the burden of interest payment and improve financial ratios. The total debt amount that will be restructured is USD 242.53 million which part of the debt

subsidiary was temporary shutdown in Q1/2019. The company shutdown from February to April after GJ Steel terminate service tolling agreement on 31 January 19 because the company waiting for sign new loan

Margin -17.27% -1.18% Net Profit Margin -98.99% -121.11% Debt to Equity Ratio (Time) (16.47) 3.18 Total Expenses Summary of the Annual Operating Result as ended 31 December 2019 Construction Income In 2019

impact of Stock Gain/(Loss) and NRV (2) Extra item was from reversal of inventory derogation because a supplier had delivered raw materials to the company regarding to the settlement agreement. P a g e | 5

Debt to Equity ratio (time) 1.00 0.88 Debt Service Coverage ratio (DSCR) (time) 2.27 2.26 Note: 1) Gross profit and Net profit were excluded construction revenue under concession agreement and other

thousand two hundred and eleven Baht in total. UWC and the Purchaser agreed to determine the enterprise value of the Targets estimated on a cash-free and debt-free basis. In this connection, UWC and the

assets ” means total sum of the following assets: (a) cash and bank deposit; (b) securities purchased under reverse repurchase agreement with accrued interests; (c) promissory notes and bill of exchange

” means total sum of the following assets: (a) cash and bank deposit; (b) securities purchased under reverse repurchase agreement with accrued interests; 2 (c) promissory notes and bill of exchange issued

: (a) cash and bank deposit; (b) securities purchased under reverse repurchase agreement with accrued interests; 2 (c) promissory notes and bill of exchange issued by financial institution under the law

) (54.87 ) 13.95 (25.42%) (48.98%) (25.08%) Other Expenses Loss on cancel of joint venture agreement - (15.92 ) 15.92 (100.00%) 0.00% (7.28%) Impairment loss of land held for development - (5.83 ) 5.83