consultants will be required to disclose and explain to prospective investors all important information before making investment decision such as terms and conditions, associated risks, effect on investors

share offering information and, prior to making investment, must pass knowledge test on risks associated with the investment. In case of retail investors, each investor is allowed to buy shares not

and the PPA remain unclear and uncertain while additional investment of 7,850 million baht is needed, causing IFA unable to appraise the project value; (3) various risks associated with the transaction

10,352 10,468 (1.1) Inventories 7,995 7,684 4.0 Investments in associated companies 712 593 20.1 Property, plant and equipment 7,284 7,302 (0.2) Others 2,565 2,650 (3.2) Total Assets 46,741 46,017 1.6 Bank

fund and private fund management fee from Solaris Asset Management Company Limited (“Solaris”) decreased.  The Company recognized share of loss from associated companies under equity method of Baht 5.02

receivable 87.00 4.25% - - Investment in associated company 272.33 13.32% 286.20 17% Property, plant and equipment 791.98 38.72% 871.72 52% Right-of-used 213.73 10.45% - - Biological assets – dairy cow 48.07

81.47 4% 83.74 4% Investment in associated company 230.00 11% 235.09 12% Property, plant and equipment 776.29 38% 803.45 40% Right-of-used 198.67 10% 214.69 11% Biological assets – dairy cow 50.31 2

Sep. 2021 % 31 Dec. 2020 % Trade and other receivables 533.62 26% 468.82 23% Inventories 141.87 7% 125.97 6% Lease receivable 80.25 4% 83.74 4% Investment in associated company 223.35 11% 235.09 12

% Lease receivable 76.30 4% 75.88 4% Investment in associated company 203.78 10% 210.47 11% Property, plant and equipment 743.60 37% 757.69 39% Right-of-used 164.29 8% 179.07 9% Biological assets – dairy

2019 (Unit: Million Baht) Assets 30 Sep. 2019 % 31 Dec. 2018 % Trade and other receivables 218.90 14% 120.51 9% Inventories 132.12 8% 119.88 9% Investment in associated company 290.63 19% 330.87 24