) 2Q 2016 1Q 2017 2Q 2017 QoQ (%) YoY (%) Operating Revenue 181 190 199 4.9% 9.6% Cost of sales 79 89 87 -1.7% 10.4% Gross profit 102 101 112 10.8% 9.1% Selling, General & Administrative Expense 53 66 64

before income tax expenses 170.98 20.1% 169.68 21.3% 165.18 20.5% -2.7% -3.4% Income tax expense (20.16) -2.4% (20.57) -2.6% (20.28) -2.5% -1.4% 0.6% Net profit 150.82 17.8% 149.11 18.7% 144.90 18.0% -2.8

and Analysis For 1Q18 P a g e | 5 Shareholder’s Equity As of 31 March 2018, shareholders’ equity was THB 6,164 million, an increase of THB 283 million or 4.8% from 31 December 2017. Contributing to

consolidated operating and administrative expense were 4,002 million baht, increasing by 6% y-y and represented 45% of total revenues. For the second quarter of 2017, the consolidated operating and

(attributable to equity holders of the parent) of Baht 195 million for the second quarter of 2019, a decrease of 15 percent compared to the second quarter of the previous year and net profit (attributable to

a v e a ls o improved the gross margin from 44.6% in Q1 2019 to 47.7%. Selling and Administration expense Selling and administration expense (“SG&A”) closed at 28.47mb (Q1 2019: 20.92mb), an increase

tax expenses 9.97 9.59 6.84 7.81 (3.13) (31.39) Income tax expense (0.78) (0.75) (0.38) (0.43) 0.40 (51.28) Net profit 9.19 8.84 6.46 7.37 (2.73) (29.71) K. W. METAL WORK PUBLIC COMPANY LIMITED Head

Administrative Expenses For the first nine months of 2019, the consolidated operating and administrative expense were 6,926 million baht, increasing by 8% y-y and represented 40% of total revenues. The increasing

reasons change of expense as follows. Expenses: (Unit: Million Baht) Consolidated Separate Y2017 + Increased / -Decreased Y2017 + Increased / -Decreased Employee benefits expenses 432.73 (5.16) 417.64 0.70

million baht due to the purchase of more raw materials to support sales. As at 31 March 2019, the consolidated debt to equity ratio was 1.85 times. Panjawattana Plastic PCL. 28 Moo 2, Tumbol Chaimongkol