calculated from the net profit attributable to equity holders of the parent on consolidated financial statement. 2) Decimal numbers shown in this management discussion and analysis are likely to be different

shall be at CNY 27,562,500 (or equivalent to Baht 138,846,093.75 or 0.75 of NTA (Net Tangible Asset ended September 30, 2017 = Baht 18,546,017,000) calculated from the principle of CNY 25,000,000 and

or +95.12% YoY, due to the increase in profit before income tax expense. Income tax expense was calculated from the tax rates of Company’s activities that receive investment promotion (BOI) and

) (%) 20.78% 21.16% (0.38)% Return on Assets (ROA) (%) 13.74% 13.16% 0.58% Remark: * Calculated based on the number of issued and paid-up ordinary shares deducted by the number of treasury share GP = Gross

% 13.74% 3.93% Remark: * Calculated based on the number of issued and paid-up ordinary shares deducted by the number of treasury share GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation

liabilities, Deferred tax adjustment and expenses relating to employee benefits 3 Adjusted EBITDA is calculated from EBT plus Finance cost, Depreciation and Amortization, Interest income from Loan to JVs and

same loan conditions. Transaction size calculated from the principle 250.00 million baht x 5.25 percent/ annum by using hypothesis of 1-year loan from the date of signing the first contract on 27 May

* (%) 75.8% 62.9% Debt to equity (times) 1.0 0.8 Assets turnover* (times) 0.5 0.4 Remark: financial ratios were calculated based on The Stock Exchange of Thailand’s formula. *The Company didn’t restate the

tangible assets calculated from total assets minus intangible assets, liabilities, and minority interests. According to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules

Note: 1 NTA = net tangible assets calculated from total assets minus intangible assets, liabilities, and minority interests. According to the Notification of the Capital Market Supervisory Board No