Government Saving Bank in Thailand. This is not only potentially decreases our funding costs but also stabilized company financial conditions. 2 Summary of Consolidated Financial Results 1. Operating Results

TRANSLATION As of 9 April 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the

owner bolstering in online platform, at the proportion of 85% and 15% respectively. The Company believes that not only Woody C Lock shall curtail a certain growth amid more health concerned consumers and

has not only highlighted Thailand’s leading position as the regional production hub, but also reflected the potential and strength of WHA Group’s industrial estates, which can serve the needs of both

, which already expired. In addition, Thai baht strengthened to nearly 10% against the US dollar compared with the same period last year also had an impact on sales. However, if considering only normal

days 69 72 63 Cash Conversion Cycle days 81 75 66 Finanial data and profitability ratios Sales revenues million baht 49,269 46,887 46,938 %change (%) 5.1% (0.11%) 6.51% Gross profit million baht 12,547

December), the Company had production not only full capacity during the off-peak period (the period where electricity cost is cheaper), but also extended some operated hours to on-peak period in order to

. During the last 4 months of 2017 (September to December), the Company had production not only full capacity during the off-peak period (the period where electricity cost is cheaper), but also extended some

and gain form exchange rate which those non-cash revenues were high at Baht 1,045 million while this year the company has such non-cash gain only Baht 224 million. From the above reason, the Company has

portion of trade debts into equity and gain form exchange rate which those non-cash revenues were high at Baht 1,045 million while this year the company has such non-cash gain only Baht 225 million. From