) 1st Quarter Change Amount % Revenue from sales 367,923 327,683 40,240 12.28% Other income 9,145 2,646 6,499 245.62% Total Revenue 377,068 330,329 46,739 14.15% Company total revenue of 1st quarter on

-o-Y due to the effect of the annual selling price adjustment, a change in foreign currency rates and an increase in the cost of goods sold resulting from a higher cost of raw materials Copper, Copper

: 1) a change in foreign currency rates Table 1: Foreign currency exchange rates and sales in foreign currency 2) a higher cost of main raw materials Table 2: Raw material prices and purchased volume

summary of the Company’s operating performance in 2018 and 2017 is shown in the following table: FY2018 FY2017 % Change FY2016 % Change [Amount in Baht Million] Y-o-Y Y-o-Y [2018 VS. 2017] [2017 VS. 2016

No. ACC 05/2017 KHON KAEN SUGAR INDUSTRY PUBLIC CO., LTD 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA ROAD, RAJATHEVI, BANGKOK 10400 14 September 2017 SUBJECT EXPLANATION FOR THE CHANGE IN FINANCIAL

with net loss of Baht 4.16 million on Baht 8.93 million revenues over the same period in 2018. The change in loss for the quarterly operating result ended on September 30, 2019 is due to lower revenues

-Y due to the effect of a change in FX rate and an increase in the cost of goods sold resulting from high costs of raw materials Copper, Copper Foil and Laminate. However, a recent increase in capacity

for the Three Month period ended 30 September 2018 (3rd quarter of 2018) as follows: Unit :Million Baht Q3/17 Q2/18 Q3/18 Change +/(-) QoQ % YoY % Net Revenue 212.50 251.20 271.57 20.37 8.11 59.07 27.80

Ref Ref. 2S_BoD031/2017 November 8th, 2017 Subject: Clarification of the change in operating result more than 20% To : The president The Stock Exchange of Thailand 2S Metal Public Company Limited

the previous year which decreased by amount of Baht 102 million, due to mainly came from the lower revenue from feed sales and higher cost of raw material . - Loss on investments in marketable