million, decreased by THB 245 million or 85% from the same quarter of the previous year, despite, fatty alcohol business had contributed EBITDA of THB 156 million. This was because the methyl ester business

2018 Annual General Meeting of Shareholders to consider and approve the allocation of profit from the results of the Company’s business operation for the fiscal year ended March 31, 2018 and the dividend

traction, buoyed by both domestic and international factors. However, the business sector faced rising challenges, namely various forms of competition, a borderless marketplace within the ASEAN Economic

inventory shortfall damage and deferred tax assets/liabilities Exhibit 2 : Sales revenue and Adjusted EBITDA breakdown by business unit comparison of 1Q2020 vs. 1Q2019 vs. 4Q2019 (million THB) Sales Revenue

has entered into the Shareholder’s Agreement of Thai Pipeline Network Company Limited (TPN) to acquired 44.60% ownership interest. TPN operates oil transportation service business with pipeline

sale of electricity following greater irradiation and an increase in other income not related to business operations. - Sales income SAAM Group’s income from sale of electricity is generated from a 2.0

product. In addition, our engineering business saw the signing of a new project in Indonesia, which will bring positive EBITDA to the business in Q2 to Q4 period. A contingency plan to mitigate the impacts

Translation CEN 016-2020 August 14, 2020 Subject Management Discussion and Analysis for business operation of Quarter 2/2020 To The Manager and President The Stock Exchange of Thailand Capital

on paid-up capital 305.53 305.53 - 0.00% Share surplus from business combination under common control 20.64 20.64 - 0.00% Retained earnings 53.19 80.98 (27.79) (34.32%) Other component of equity 81.85

decreased Baht 14 million or 7.1 percent. - The sales income from the new business, manufacture of skincare products, cosmetics, food supplements and medical used to treat skin disease, was acquired from