Microsoft Word - ELCID - BOD-6-62 All S _EN_ December 18, 2019 Subject The acquisition of assets of the company To President The Stock Exchange of Thailand Eason Paint Public Company Limited

THB 5,158mn, an increase of 31.0% YoY    Net profit of THB 1,101mn, an increase of 30.1% YoY.  No. of Rabbit cards reached 11.0mn, an increase of 23.0% in 2018/19, exceeding the full-year target at

income (3) increased efficiency in support functions which resulted in limited increase in administrative expenses. Analysis of Financial Position Assets As of 31 December 2017, and 31 December 2018, the

percent from the year 2017. Due to the profits increase. 3  Financial Status Total Assets As of December 31, 2018 the company and its subsidiaries’ total assets stood THB 4,249.63 million, which was a THB

losses from such assets disposition in statement of income for the year ended 31 December 2018 of Baht 56.3 million (after deduction of selling expenses related) which is main reason of net loss increase

increase equivalent to 14.3% at year-ended 2016. This first mainly due to increasing of trade and other receivables. The second, due to inventories and short-term investment. Current assets accounted for

million baht compare with performance of the same period of the prior year appear as comprehensive net income 1.29 million baht, increase in net loss from the same period of the prior year 16.63 million

due to the business combination. Statement of Financial Position Total Assets Total assets as at 30 June 2017 was 1,674 MB which increased of 130 MB from 31 December 2016. Major increase/decrease were

reported Total revenues in 2019 of Thai Baht 911.00 million, a 39.23% increase from 2018 of Thai Baht 654.29. Net profit for 2019 increased by 36.76% to Thai Baht 160.30 million from Thai Baht 117.21 million

stood at 27.8%. An increase of net profit was a result of the Company has higher revenues from collection of purchased accounts receivables. Thus, the details of the Company group can be described as