disclosed to the SET. Enclosure Page 5 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and requires cash flow for debt

memorandum on entering into such transaction is disclosed to the SET. 3.3 Rationale and background of the transaction Currently, the Company encounters the situation of the lack of financial liquidity and

per year. The investment budget for these projects is estimated to be around THB 1,200 - 1,500 million per year. However, this expansion plan can be adjusted depending on changes of future situation

may vary if any factors or situation are changed in the future; the investors are, therefore, required to have their own discretion regarding the usage of this information for any purpose. For further

recording NRV in the past few quarters, affecting the profitability of the Company. This situation affects all entrepreneurs in the palm oil industry as a whole. At present, the Company uses a strategy to set

tons per year. The investment budget for these projects is estimated to be around THB 1,200 - 1,500 million per year. However, this expansion plan can be adjusted depending on changes of future situation

global raw materials and the increasing in competition among entrepreneurs under the situation of excess supply from products and raw materials coming in from various countries. Therefore those factors

weaker to previously average level. Amongst uncertain situation in many countries, Thailand’s post-election government was formed in June. That was a positive factor to promote the country’s stability in

situation that could have an effect on the Group’s SG&A expenses is being a sponsorship of the domestic broadcast for the World Cup football during the final round which incur related expenses amounting to

in HRC market price. In Q2/18, an overall market for Steel industry has dropped as cyclical situation according to a long holiday period in April and starting of the rain season which will result to a