2019 and 15 MW in 6M’2020). EBITDA • EBITDA increased 14.7% y-on-y in Q2’2020 to THB 3,221 million and 24.5% y-on-y in 6M’2020 to THB 6,500 million due to capacity growth, new industrial users and

tangible assets (NTA) 431.06 Net profit during the past 12 months 33.13 Financial information of Fung Keong Rubber Manufactory (Malaya) Sdn. Bhd. (“FKRMM”) after conducted due diligence Reviewed by KPMG

market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a

year mainly due production disruptions during 1st Quarter 2019 combined with the negative HRC cash margin for second half of 2019 resulting from large decrease in HRC selling price compared to last year

the past year, which required additional debt financing, leading to higher interest expense. Reported share of loss from associates/JVs was THB 23mn, largely due to a share of loss THB 30mn from Sansiri

due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 609.48 million Baht, increased by 28.85 million Baht or 4.97%. Income statement

by 49.5% while compared to the same period of last year which the net profit was Baht 112.82 million. This was due to the economic turning down in past nine months. The foreign purchasing power was

to February 2019. For fatty alcohols market, natural fatty alcohols was being more competitive to synthetic fatty alcohols due to its price attractive as CPKO price which is the feedstocks to produce

Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and Service Income • Sales and service income increased 9.4% y-on-y in Q1’2020 to THB 11,223 million primarily due to 1) full- period

and acquisition) during the past three years; 1.1.3 Specify whether or not the Company has already spent the raised fund to serve the objectives declared in the registration statement for securities