held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS

SCB Asset Management Co.,Ltd SCB Asset Management Co.,Ltd, as a securities business operator of mutual fund management Ads with data about numbers that represent an estimated return on investment

units, Ads with data about numbers that represent an estimated return on investment (expected return) of SCB Money Market Fund (SCBMONEY) in the fund offering documents and through public media channels

quarter as well as a softer demand for biodiesel blending due to the impact from the coronavirus (COVID-19) . Thanks to the government policy to absorb crude palm oil surplus, the government delegated the

decreased by Baht 19.74 million, benefiting from the tax return from the Revenue Department. Liabilities The net liabilities of the Company and its subsidiary as at December 31, 2017 were Baht 1,365.37

) -8.32% SHAREHOLDERS' EQUITY Issued and paid-up share capital 1,316.25 1,316.25 0.00 0.00% Premium on ordinary shares 264.33 264.33 - 0.00% Surplus - warrants 310.00 310.00 - 0.00% Retained earnings

domestic palm oil surplus, as a result, demand of domestic methyl ester grew higher than usual. Due to the lower crude palm oil price, methyl ester price in 1Q2019 was at 23.98 Baht/kg, dropped by 4.53 Baht

, being lower than 2Q2017 CPO price by 5.06 THB/kg or down 20% yoy. This was led by domestic palm oil inventory surplus more than 400,000 tons in 2Q2018, while, in the past, Thailand used to have an average

capital 231.0 2,497.0 Retained earnings 3,011.3 2,508.7 Surplus on business combination under common control 328.0 353.1 Other components of SE -239.5 -429.5 Non-Controlling Interest 108.6 202.9 Total

65,804.00 19.63 Shareholders’ equity Issued and paid-up share capital 15,075.00 13,675.00 10.24 Capital surplus (deficit) from common shares 3,399.43 - - Other component of shareholders’ equity (65.02) (58.02