., BANGKAE, BANGKAE, BANGKOK, THAILAND. 10160 Tel: 02-455-2888 Fax: 02-455-2763 (“TRANSLATION”) TG 209/2561 November 12, 2018 Subject: Clarification of the Operating Result for the significant change Attention

follows; Performance Highlights for Q1/2020  Net profit attributable to shareholders was 206.8 million baht, an increase of 62.3 million baht or 43.1% growth from the same quarter of last year. And the net

and explanation For the three-month period ended 31 March 2020, the Company’s sales increased by Baht 149.9 million or 13.6% compared to the same period of 2019. The main reason was that CPO price

/24 Change+/(-) 1H/23 1H/24 Change +/(-) Number of branches at 30 June 55 61 11% 55 61 11% Same-Store-Sales-Growth (SSSG) 17.7% 14.9% (2.8%) 19.3% 15.2% (4.1%) +17.7% +23.0% +5.0% +15.2% +14.9% Same

188,249 and 188,225 tons respectively, such volume in Q2/2018 significantly increased double from the same period of last year. Besides, the Company had an accident of an Electric Arc Furnace (EAF) in May

by 23% compared to the same period at the previous year. It mainly due to the change in business model of beauty services company. Selling and Administrative expense as % to sales in Q3/2018 was 30.1

) was low and could not cover cost and expense. 2. Business Outlook Total domestic Hot Rolled Steel consumption for Quarter 1, 2020 stood 1.51 million MT and decreased by 3.4% compared to same quarter

Business categories Operat ed by For the three-month period ended 30 June % Change Increase (Decrease) For the six-month period ended 30 June % Change Increase (Decrease) 2017 2016 2017 2016 THB mm % THB mm

operating results in the third quarter comprised of total revenue of Baht 16,493.95 million and net profit of Baht 1,365.82, which were higher than the same period of the prior year by 2.09% and 15.45

higher wind speed, comparing to the same period of previous year, leading to higher electricity generation. EGCO: Unit : Million Baht Quarter 2 Change Increase (Decrease) 2018 2017 Amount % Electricity