, as at March 31, 2019, the consolidated debt to equity ratio was 0.43 time and the consolidated net debt to equity ratio was considerably low at 0.26 time. Overall Financial Performance and

SET LETTER Q2-2017 -1- Ref. POL. 103/2017 August 15, 2017 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock Exchange of Thailand S & P

: Million Baht Consolidated Financial Sltatements 3 | Padaeng Industry Public Company Limited and its subsidiaries Overview the performance for the year 2019 For the year 2019, the Company announces net loss

: President The Stock Exchange of Thailand CH. Karnchang Public Company Limited (“the Company”) and its subsidiaries would like to clarify the consolidated operating result and financial position for the year

Joint Ventures Performance 11 Table 9 IVL Consolidated Statement of Income 12 Table 10 IVL Consolidated Statement of Financial Position 13 List of Figures Figure 1 Repayment Schedule of Long Term Debt 11

performance and Important Factors Affecting the Operations The 2019 performance for the debt management and collection business has been proven that JMT Network Services Public Company Limited ("JMT") is

the consolidated financial statements of the Company and its subsidiaries for the six-month period ended 30th June 2017. The Company reported consolidated net profit (attributable to equity holders of

the consolidated financial statements of the Company and its subsidiaries for the first quarter ended 31st March 2018. The Company reported consolidated net profits (attributable to equity holders of

Page 1 of 2 T.K.S. TECHNOLOGIES % GP Q1’20 Q1’19 As Reported (% to Sales) Total GP 21.7% 25.1% Company 19.4% 27.1% TBSP 22.6% 21.6% For the 1st quarter 2020, consolidated %GP reported at 21.7%, while

Company Limited and its subsidiaries (“the Company”) would like to clarify herewith the operating result for the year 2018 as follows:- Financial Position As at 31 December 2018, total consolidated assets