another expense which was a fixed cost that continues to occur even if the revenue was decreased. Financial Analysis of the company As of September 30, 2018, the Company has financial position that changed

the debts payable to creditors in the financial statements, except for the late payment penalties and interest of 7.5 - 15.0 percent per year. As mentioned above, Hero บมจ.0107537002109 Page 12 of 15

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB

3,522.00. Because the price range is conditional upon SGAH’s future financial performance in the next 2 years, the Company, therefore, agreed to the investment structure that reflects such performance, which

approximately Baht 1,761.00 and Baht 3,522.00. Because the price range is conditional upon SGAH’s future financial performance in the next 2 years, the Company, therefore, agreed to the investment structure that

and Analysis for 2018 To : Director and the President The Stock Exchange of Thailand Summary of the Company’s Financial Position and Operating Result for the 3 and 9 month period ended 30 Sep. 2018

Mo Chit Land with the par value of Baht 27.25 per share (“Sale Shares”) Total Purchase Price : Baht 4,320,000,000 (whereby the book value of Mo Chit Land in accordance with the consolidated financial

30, 2018. The company has dividend payment was 11.2 million baht and Long-term loans from financial institutions was 7.5 million baht Date 30 June 2018 31 December 2017 Current Ratio 3.5 3.6 Debt to

associated companies. Payment of Interest End of the Term of Loan. Payment of Principal End of the Term of Loan. Provided that the interest rate of the loan is equal to the average financial cost of PF plus

prepare the money. However, the company will report on the progress of receiving payments along with submitting financial statements until the company has received the full amount. 5. Advance payment of 1 0