at June 30, 2018, the consolidated debt to equity ratio was 0.45 time and the consolidated net debt to equity ratio was considerably low at 0.30 time. Financial Highlights 2Q 2018 2Q 2017 Change 6M

and the consolidated net debt to equity ratio was considerably low at 0.25 time. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 2 of 13 Overall

46,887.3 100.00 6,179.4 13.18 Cost of sales and services 40,944.0 77.16 36,677.3 74.51 4,266.7 11.63 34,471.5 73.52 6,472.5 18.78 Gross profit 12,122.7 22.84 12,546.7 25.49 (424.1) (3.38) 12,415.8 26.48

(1,895.0) (3.57) 49,224.0 100.00 1,947.6 3.96 Cost of sales and services 40,697.1 79.53 40,944.0 77.16 (246.9) (0.60) 36,677.3 74.51 4,019.8 10.96 Gross profit 10,474.5 20.47 12,122.7 22.84 (1,648.2) (13.60

of 8 projects. Cost of Sales In 4Q/18 the Company’s real estate business cost equaled THB 1,010.8mn, an increase of THB 752.9mn from THB 257.8mn in the same quarter of the previous year in line with

project e.g. lower cullet costs, new formulation, lower sugar costs, however, somewhat offset by cost increase from natural gas. *Net Profit = Net Profit attributable to owners of the parent Financial

doubtful accounts and finance cost to be low continually. Financial Status Total Assets As of May 31, 2018, consolidated total assets were 82,105 million baht, an increase of 1,334 million baht or 2% from

MACO and PlanB would provide opportunities for cost-reduction going forward. The transaction is subject to be approved at the Extraordinary General Meeting on 17 December 2019. Pre Shareholding Structure

. In addition, in 2021 Thailand and Malaysia Dealership were impacted by Covid-19 and lockdown thus, a low base in Q3 2021. Cost of sales and services increased in accordance with higher sales. Gross

% Advertising income 7.52 0.9% 1.85 0.2% 2.71 0.3% 46.5% -64.0% Total revenue from core business (3 items) 848.81 100.0% 798.65 100.0% 804.20 100.0% 0.7% -5.3% Cost of services (664.22) -78.3% (629.36) -78.7