32.7%. The change was due to expense related to staff cost. For the year ended 31 December • The Company has revenue from sales in amount of Baht 1,806.55 million, increased from the same period of last

value of the associates for the year 2017 and the total amount Consolidated Separate Amount Change Amount Change 2017 2016 Amount % 2017 2016 Amount % Revenue from sale – net 1,444.62 1,370.78 73.84 5

Quarter 1 Consolidated Separate 3 months Change 3 months Change 2018 2017 Amount % 2018 2017 Amount % Revenue from sale – net 370.47 402.43 -31.97 -8% 364.64 398.50 -33.86 -8% Other incomes 11.06 7.31 3.75

6M’2018 / Baht 285 million in Q2’2018), primarily due to an increase in SG&A arising from the new power plants described previously. COST STRUCTURE FINANCIAL PERFORMANCE 6 6M’2017 6M’2018 % change

lease Cost of equipment for lease in Q1-2022 decreased from Q1-2021 due to the change in rental income, it can be seen that the cost of equipment for lease increased by 105.9%, which was close to the rate

income and cost of sales resulting in the operating income until the gross profit being reported differently from the previous periods Operating Results Adjusted Net Income Q4/18 Q3/19 Q4/19 Change

PERFORMANCE 6 2018 2019 change Q4’18 Q3’19 Q4’19 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Cost of sales and services Natural gas 22,139 26,618 20.2% 6,221 6,935 6,604 6.2% -4.8% Cost of

Ref Ref. 2S_BoD017/2018 May 9th, 2018 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited (the

Company in June 2019. 2. Cost of sales and service decrease by Baht 56 million or 100.9% compared to last year. Description 2019 Million Baht 2018 Million Baht Change Million Baht Change (%) Total revenue

Ref Ref. 2S_BoD024/2017 August 9th, 2017 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited (the