@halcyon.co.th No. CS-2563/003 1 April 2020 Re: Resolution of the Board of Directors’ Meeting to Postpone the 2020 Annual General Meeting of Shareholders and to Approve the Interim Dividend Payment To: Directors

especially in real estate sector. On economic stability, inflation has slowed down due to the decrease in retail petroleum prices. 3. WATER SITUATION As of 26 July 2019, the water supply situation in Chonburi

quarter was more slowing down, with exports continuing to contract following the slowdown in the counterpart economy. This is resulting to contraction in imports of goods, industrial production and private

loans drawn down to fund business operation, our consolidation of Nguyen Kim and dividend payment. 8. Share of profit of associates and joint ventures was THB 79 million, an increase of THB 51 million or

million tons in 4Q2019 driven by a direct impact of drought. On the demand side, natural fatty alcohols in 1Q2020 has considerably slowed down from the same period of prior year since China has been

from the previous quarter. However, with domestic demand for oil consumption lowering, the refinery had to adjust its production down to optimal level, average production rate was 89.3 KBD or 74

oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained

(44%) Short-term loan to related parties 0 94 (100%) Other current assets 193 268 (28%) Total current assets 2,956 4,438 (33%) Non-current assets Advance payment for purchase of property, plant and

% Inventories 1,728 3,861 (55%) Short-term loan to related parties 0 94 (100%) Other current assets 139 268 (48%) Total current assets 2,473 4,438 (44%) Non-current assets Advance payment for purchase of property

natural fatty alcohols declined. In the meantime, supply from both natural fatty alcohols and synthetic fatty alcohols were impacted by temporarily shut down of some Chinese producers because their