and decreased of shareholders’ equity, due to loss from operating. Liquidity Cash flow The period ended 31 December 2019, the company and its subsidiaries have cash flow received from operating

Financial Ratios As at December 31, 2019 As at December 31, 2018 Current Ratio (Times) 1.64 1.48 Quick Ratio (Times) 0.65 0.65 Cash flow Liquidity Ratio (Times) 0.74 0.54 Account Receivable Turnover Ratio

31, 2016. Liquidity Cash Flow Activities For the six-month period ended June 30, 2017, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 1,621 million

, decreased by 0.01 times, due to decreased of long-term loans from financial institutions and increased of shareholders’ equity, due to increased of retained earnings. Liquidity Cash flow The period ended 30

cash equivalents increased by Baht 10. 60 million due to better liquidity of the group as a result from Initial Public Offering (IPO). • Restricted cash decreased by Baht 51. 06 million because repayment

baht, reflecting good liquidity and financial position of the Company. Please be informed accordingly and further disseminate to investors. Faithfully yours, (Mrs. Pimjai Leeissaranukul) (Mr. Hiroshi

increased of retained earnings. Liquidity Cash flow The period ended 30 September 2017, the company and its subsidiaries have cash flow received from operating activities Baht 1,637.7 million, cash flow used

99.57 million become overdue. Due to liquidity problem and receiving notices demanding for payment from major creditors, thus to prevent bankruptcy situation, GSTEL had submitted the petition requesting

and manage the capital circulation in short-term liquidity Financial Status The overall financial statuses of the Company and its subsidiaries as of December 31, 2017 with the comparison to the

Baht 293 million. - 6 - (2.7) Financial Ratios Financial Ratios As at December 31, 2017 As at December 31, 2016 Current Ratio (Times) 1.30 1.02 Quick Ratio (Times) 0.65 0.51 Cash flow Liquidity Ratio