net interest income for the first quarter of 2020 increased by 15.3 percent from the previous quarter due to corporate loan growth and the change in recognition of interest income from loans using the

increased from Q4/2018 by Baht 6,840 million or 170% due to the following reasons: SPP Key cost drivers Q4/18 Q3/19 Q4/19 Change +/(-) 2018 2019 Change +/(-) QoQ YoY Natural Gas Natural Gas Consumption

term, more stringent rules and regulations have been implemented. In response to regulatory changes and introduction of climate change risk management guidelines, businesses must bear increased costs in

1.1 Revenues (Thousands Baht) Nine-months Change 3rd Quarter Change 2561 2560 Amount % 2561 2560 Amount % Revenue from sales 1,168,546 1,128,641 39,905 3.54% 427,881 386,117 41,764 10.82% Other income

Ref Ref. 2S_BoD001/2020 February 26th, 2020 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited

Ref Ref. 2S_BoD013/2019 August 14, 2019 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited (the

Ref Ref. 2S_BoD024/2018 August 14th, 2018 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited (the

increased 63.10 percent due to higher gain from exchange rate. 1.2 Cost of goods sold and expenses Consolidated (Thousands Baht) Year Change 4th Quarter Change 2018 2017 Amount % 2018 2017 Amount % Cost of

-month (Thousands Baht) Change Amount % Revenue from sales , , , .% Other income , , , .% Total Revenue , , , .% Company revenue slightly increased 1.89 percent from the same period of last year, due to

profit at 680.83 million baht increased from 500.31 million baht showed in 2016, or increased by 36.08%. The company would like to clarify reasons why the year 2017’s profit showed a changing over 20% as