, equal to 20 percent of its issued and paid-up share capital from its existing shareholders. As a result of this transaction, the Company’s shareholding in BMN increased from 69.67 percent to 89.67 percent

subsidiary) has acquired 47.31% of total issued shares in Cua Lo Water Supply Joint Stock Company in Vietnam on 28 March 2019. Current water production capacity at 3,000 cubic meters per day. It is expanding

2.67% Liabilities 309.33 283.75 25.58 9.01% Shareholders' equity 670.98 671.07 (0.09) (0.01%) Issued and fully paid-up common share (Million Share) 565.14 565.14 0.00 0.00% Par (Baht) 0.50 0.50 0.00 0.00

Shareholder equity 383.00 383.00 Registered capital Issued and Paid up capital 383.00 16.33% 383.00 16.22% Premium on stock 519.67 22.16% 519.67 22.00% Retained earnings Legal reserve 74.90 3.19% 74.10 3.14% Un

Company had total liabilities of 15,712.9 million Baht, an increase from the end of 2018, equal to 973.4 million Baht or 6.6 percent, due to the increase in debentures issued by companies in the group

%) Issued and fully paid-up common share (Million Share) 517.82 517.82 0.00 0.00% Par (Baht) 0.50 0.50 0.00 0.00% Management's Discussion and Analysis and operating results for the Quarter 1’ 2018 Page 5 / 6

LIABILITIES 677.43 28.68% 655.42 28.85% SHAREHOLDERS’ EQUITY Shareholder equity 383.00 383.00 Registered capital Issued and Paid up capital 383.00 16.22% 383.00 16.86% Premium on stock 519.67 22.00% 519.67

-current liabilities 37.56 1.49% 36.51 1.55% TOTAL LIABILITIES 810.54 32.09% 677.43 28.68% SHAREHOLDERS’ EQUITY Shareholder equity 383.00 383.00 Registered capital Issued and Paid up capital 383.00 15.16

issued from China Food and Drug Administration (CFDA) at the beginning of 2018 as the Company had to redesign its packaging to comply with the requirements of the license and adjust its sales structures

78.22%. Moreover, the Company issued the 2-year debenture during this year amounting to THB 400 million. The proceeds were used for repayment of the matured debenture in July 2018. Shareholders’ equity As