: President Stock Exchange of Thailand Demeter Corporation Public Company Limited (“DCORP” or the “Company”) would like to submit the reviewed financial statements for first half of the year 2018 ended June 30

amid high household debt, whereas public investment and the government’s budget disbursement were affected by a delay in the formation of a new government. Nevertheless, economic stability remained sound

Ref. No. IVL 003/02/2019 26 February 2019 The President The Stock Exchange of Thailand Subject: Submission of Annual Audited Financial Statements and the Management Discussion and Analysis of

raising stake from 49% to 100% in Q3’2018. Gain (Loss) on Exchange Rate • Recorded Gain on Exchange Rate at Baht 168 million in Q3’2019 and Baht 153 million in 9M’2019, primarily attributable to an

may lower farm income and 4) on going high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first five months of 2019 still

809,204 23.5 Debt issued and borrowings 47,704,091 49,008,059 (1,303,968) (2.7) Senior securities 39,314,531 40,222,972 (908,440) (2.3) Subordinated bond 8,290,000 8,290,000 0 0.0 Bills of Exchange 99,559

98.60 1,250.98 99.66 (56.38) (4.51) Gain on Sales of Fixed Assets 16.02 1.32 0.01 - 16.01 160,100.00 Gain on Foreign Exchange Rate – Net - - 1.51 0.12 (1.51) (100.00) Other Revenue 0.97 0.08 2.79 0.22

by concentrating on its own farm policy and cost efficiencies through economies of scale. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale

(MPC) held a special meeting to assess the impact of the COVID-19 on the economy and the Thai financial markets and voted to cut the policy rate further by 0.25% from 1.00% to 0.75% to ease the debt

1 --Translation-- Sor Gor 7/2018 January 19, 2018 Subject: Management Discussion and Analysis for the year ended December 31, 2017 (Unaudited) To: The President The Stock Exchange of Thailand