issued in July 2017. Compared to the preceding quarter, 3Q17 revenues grew by 4% with an improvement in net earnings of 12%, mainly attributed to higher contribution from NVD, lower SG&A expenses and

lower investment in projects and maximize brand value. For example, the Company focuses on franchising businesses to grow the brand both domestically and internationally. This attempt has been reflected

Company has company-operated stores and licensed stores as follows. In the future, the Company plans to focus on lower investment in projects and maximize brand value. For example, the Company focuses on

and the Diplomat 39 which is a project purchased for sale • Net debt to Equity ratio2 as of 31 March 2019 equals 0.84 times Changes in accounting policy and reclassification in 1Q/19 During the three

depreciation of plant and machinery that contributed to higher share of cost of goods sold. In addition, the Company executed sales promotional campaigns for slow moving inventories that accounted for lower

(6.30) 5.69 (11.99) (210.72%) Profit Sharing for the Year - The Company’s Equity (6.33) 5.30 (11.63) (219.43%) - Non-controlling Interest 0.23 0.39 (0.16) (41.03%) Total Revenues (Revenues from sales and

is therefore considered as Class 2 transaction (transaction with a total value of at least 15 % or higher but lower than 50 %) according to the Acquisition or Disposal of Assets Notifications

% Reported EPS after PERP Interest (THB) 4.61 3.98 16% 0.37 1.75 1.91 (81)% Core EBITDA/ton ($) 138 110 25% 113 150 111 2% Operating Cash Flow5 989 852 16% 250 276 215 16% Net Debt to Equity (times) 0.87 0.75

Liabilities 18,566 21,747 Total Equity 13,341 10,868 Average selling price of hot-rolled coil for the 3rd quarter in 2017 increase around 15.27% comparing with the same period last year together with the well

, lower than expected growth in the tourism sector, political uncertainties and strengthening of the Thai Baht which may impact competitiveness in international trades. However, acceleration in public