37% EBITDA 81 111 36% 223 288 29% Net Profit (Loss) for the Company 34 54 59% 82 131 60% Gross Profit Margin (%) 64.6% 66.0% 1.3% 63.2% 64.8% 1.6% EBITDA Margin1 (%) 32.8% 32.6% (0.2%) 32.6% 31.6% (1.0

last year 24.2%. The Company’s 6-month end net profit margin stood at 25.9%. An increase of net profit was a result of the Company has higher revenues from collection of purchased accounts receivables

thus significantly reduced the cost of sales and administrative expenses . Overall gross profit margin improved to 42.3% from 30.7% in 2018 Selling and Administration expenses The Company recorded

the growth of revenue from expansion of business of the company and its subsidiaries. The Gross profit margin for the first quarter of 2018 was closed to the gross profit margin of the first quarter of

Margin per Total Revenues (percentage) 12.8 12.9 - (0.1) -3- In 9M 2018, the Company generated revenues from the food and bakery wholesales in the amount of THB 544 Million which decreased by 8 Million or

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_BoD001/2019 February 27th, 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

Ref Ref. 2S_BoD008/2019 May 13th, 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

Quarter performance Unit: Million Baht 2019 2018 Sales Revenue 1,723.97 1,863.61 Cost of Sales 1,616.25 1,797.16 Gross Margin 107.72 66.45 Profit (loss) on exchange rates 31.98 72.27 Other Incomes 9.16

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