1 1. ANALYSIS OF FINANCIAL PERFORMANCE In the first half of 2017, East Water Group had total consolidated sales and services income of 2,249.07 million Baht, increased by 16.36 million Baht or 0.73

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 6 months ended June 2018, East Water Group had total consolidated sales and services income of 2,093.08 million Baht, decreased by 155.99 million Baht

) / Total revenues from sales SG&A to net sales ratio (%) = (Selling and distribution expenses + Administrative expenses) / Total revenues from sales EBIT margin (%) = (Profit before income tax expense

% (471.95) -54.05% (161.23) -34.2% Gross profit 305.80 49.60% 401.28 45.95% (95.48) -23.8% Other income 1.52 0.25% 5.88 0.67% (4.36) -74.1% Distribution costs (130.08) -21.10% (191.25) -21.90% (61.17) -32.0

Position Unit : Baht 31 Dec 2017 31 Dec 2016 Short-term loans from related parties 30,700,000.00 7,734,844.92 Short-term loans from other persons - 9,608,040.00 Accrued income tax expense 1,726,919.66

the 6 months ended June 2020, East Water Group had total consolidated sales and services income of 2,157.63 million Baht, decreased by 203.12 million Baht or -8.60% and costs of sales and services

% 100.00% Cost of sales (48.06 ) (37.80 ) (10.26 ) 27.14% (71.23%) (66.95%) Gross Profit 19.41 18.66 0.75 4.02% 28.77% 33.05% Other income 2.78 1.66 1.12 67.47% 4.12% 2.94% Gain on disposal of investment

to slower sales in institutional sector and domestic market while export sales grew by 0.2% by strengthening distribution channels in countries beyond core markets. The Company reported gain from

104.24 104.19 0.05 0.05 Other income 7.91 28.69 (20.78) (72.43) Distribution Costs and Administrative expenses 52.77 34.84 17.93 51.46 Printing Business 15.84 12.03 3.81 31.67 Solar Energy Business 36.93

. • Purchase, development, allocation and distribution of commercial land to the company and the general both inside and outside the industrial estate. • Industrial and commercial projects for sale include