multiple assets that are consistent with the prevailing circumstances in a volatile market environment, focusing on sustainable returns for risk diversification. KBank also teamed with KASIKORN ASSET

in the year 2017 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset value in AUD currency. 2.2 Share of Profits of Associates and Joint Ventures

Associates and Joint Ventures  Share of profit from associates increased 13.3% year-on-year from Baht 153 million for 9M’2016 to Baht 173 million for 9M’2017, primarily attributable to profits at our

and 33.105 THB/USD according to Bloomberg Markets as of 8 November 2017. Actual value may change depending on the exchange rate being effected as of the transaction date 4 2. Comparison of Net Profits

2017. Actual value may change depending on the exchange rate being effected as of the transaction date 4 (Baht in million) value 1/ 2/ 3/ 2. Comparison of Net Profits = Net Profits by shareholding

Calculation based on net operating profits (Net operating profits of the investment x Buying or selling ratio) x 100 Net operating profits of the listed company** This basis could not calculated because of loss

’2017 to Baht 104 million in 6M’2018, primarily attributable to lower profits at our associate and our joint ventures namely ABPIF and BGSENA.  Share of profit from associates increased 6.0% q-on-q from

profits from their operating results, and ordinary share premium from share capital. Please be informed accordingly. Sincerely yours, (Miss Kanokpailin Wilaikaew) (Mr. Panyawath Chanrungsang) Chief Finance

(December 31st, 2017) mainly from the increasing of business profits from the operating results and an increase of share capital. Please be informed accordingly. Sincerely yours, (Mr. Peerapong Jaroon-Ek

Ratio (Times) 0.5 0.6 In 2019 the company has the gross profits decreased from 43. 8 percent in 2018 to 42. 3 percent mainly due to the increasing of cost of raw material that used for production and the