income tax Baht 159.82 million, receipt from trade receivable and other receivable Baht 90.30 million, payment of trade payable and other payable Baht 53.86 million and payment of interest and tax Baht

liability in Q1/2018 as follows. 1. Trade accounts payable has increased by 900.5 million baht which was due to an increase of accounts payable of buying non-performing loans as well as in the sector of

19.5%. There was thus the significant change of the liability in Q1/2018 as follows. 1. Trade accounts payable has increased by 900.5 million baht which was due to an increase of accounts payable of

THB 460.9 MB respectively, equivalent to 95.3% and 92.2% respectively of the total Liabilities. Current Liabilities as of year 2018 decrease by decreasing in trade and other payable. ZIGA INNOVATION

Days Days 141 140 Accounts Payable Days Days 43 43 Cash Cycle Days 133 130 Leverage & Financial Policy Unit 31 Dec 2018 31 Dec 2017 Debt to Equity Ratio Times 0.74 0.62 Interest Coverage Ratio Times

Baht, increased by 43.7 Million Baht or 191.7% compared to the previous year due to reversal of payable to recognize in other income of amount 22.5 Million Baht. Financial Expense Financial expenses

Non-current liability as of December 31, 2019 with amount of 8.82 million baht decrease by 2.02 million bath or 18.66% decrease, as a result of reduction in the payment of hire-purchase payable with the

of the liabilities was from lower of trade accounts payable due to lower prices of raw materials, offset with higher * Note Please find further information in the consolidated financial statements. 5

-term loans from packing credit, letter of credit and trade payable of buying raw material for manufacturing, and accrued income tax. Shareholders’ Equity As at 31 December 2019, shareholders’ equity was

181.25 162.74 18.51 11.37% Current portion of long-term bank borrowings 42.02 45.02 (3.00) (6.66%) Current portion of finance lease liabilities 2.01 1.83 0.18 9.84% Current income tax payable 0.71 - 0.71