period of the last year. KEY HIGHLIGHTS • Total revenue increased by 10.3%, mainly from increase in revenue from sale of investment properties and increase in revenue from rental and services together with

a lower core EBITDA of US$201M, due to a significant decline in industry margins and spreads across the business. The decline in margins reflects the sharp contraction in industry- wide spreads across

USA PX and global PIA business as feedstock costs have come down. • Integrated oxide and derivatives business has seen significant growth in volumes and earnings primarily driven by the first time

Page 2 Management Discussion and Analysis 1. Significant events in the first Quarter of 2018 1.1 The progress in construction projects 1.1.1 Process of construction - Xayaburi Project, a project of the

household debt. Domestic industries remaining expanded and some large corporates invested in long-term big projects. For example; petroleum products business which having investment plan in Eastern part and

“ Company” or “ DOD” ) hereby notifies the significant resolutions passed by the Meeting of the Board of Directors No. 3/2019 , held on March 20 , 2019, to the Stock Exchange of Thailand (the “SET”), as

in 31 December 2017. Current ratio as of the same date and period stood at 2.42x, a considerable improvement from 1.69x, both mainly as a result of the aforementioned capital increase SIGNIFICANT

significant improvement of 26.9%, following higher rental spaces and improved occupancy rates. • Strong growth from overseas sales was supported by 2 new franchise stores in Vietnam, growth from OEM and trading

9 9. Source of Investment Capital The source of funding for the acquisition of ordinary shares of COMASS will come from the Company’s working capital and loan granted from a financial institution. In

minimum of 70% of net profit to preserve financial health and flexibility for future growth. (See the full guidance for FY18 on page 7) Significant Events 1. AWN, AIS’s subsidiary, has released the results