% Total non-current liabilities 36,335 42,340 42,294 16% (0%) Total liabilities 49,462 56,694 55,571 12% (2%) Shareholders' equity Retained earnings - unappropriated 43,828 50,890 53,604 22% 5% Other

59,093 9% 4% Shareholders' equity Retained earnings - unappropriated 42,586 50,890 50,257 18% (1%) Other shareholders' equity 12,074 12,990 13,656 13% 5% Total shareholders' equity 54,660 63,880 63,912 17

strengthened over last 2 years with record earnings and conversion of warrants into equity. In early 2019 as part of our Capital Market Day, we had identified our Integrated Oxides and Derivatives segment and

17.13 17.13 17.13 Issued and fully paid-up share capital- ordinary shares 17.13 17.13 17.13 Retained earnings (Loss) 2.57 0.06 (10.07) Total equity 19.69 17.18 7.05 Total liabilities and shareholders

decreased 44.5% y-on-y in 2019 to Baht 101 million and 51.0% y-on-y in Q4’2019 to Baht 24 million, primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to

financing fee write- off from refinancing in the amount of Baht 9 million in May 2019 and 2) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after

6M’2019 to Baht 51 million, primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018, 2

30 million in Q1’2019), primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018 and 2

35.52 244.13 Total assets 36.08 264.09 Liabilities and shareholders' equity Current liabilities  Trade and other payables 6.57 229.85  Short-term loans 2.88 5.69 Total current liabilities 9.45 235.55

169% Other non-current liabilities 35,085 43,397 24% Total non-current liabilities 42,340 62,919 49% Total liabilities 56,694 87,532 54% Shareholders' equity Retained earnings - unappropriated 50,890