products. -2- Revenues Classified by Distribution Channels 12 Months 2018 12 Months 2017 Variation THB % Domestic Restaurant and Bakery Business 6,184 6,098 86 1.4 Food and Bakery Wholesales Business 773 762

Appointment of Product Distributor dated 17 February 2014 between the Company, as Manufacturer, and Mahachai Steel Center, as Distributor 1. Distribution fee at 1.5 percent of total sale of each month for the

threat to distribution channels of the Company’s customers and they had to postpone their purchase orders of the Company’s products. Moreover, there were a number of incidents that adversely affected

Total revenue in 2Q19 was Baht 272.28 million, increased by 3.66% YOY as a result of new branch performance and the expansion of new distribution channels such as Pop-up Store, Mini Shop at HQ Rama 9, and

results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development Business, the manufacture and distribution of treated

18.50 2 Key financial ratio related with operating result (%) 2Q18 2Q17 %YoY 1Q18 %QoQ 1H18 1H17 %YoY Gross profit margin (%) 41.28 46.87 -5.59 41.99 -0.70 41.63 44.78 -3.15 Distribution costs and

some customer ending the distribution contract with some retailer which resulted in reduced sales volume since Q4/2017. Meanwhile there was some customer changing the sales format from export to domestic

distribution to boost the ratio of regular income and match the needs of the customers who would like to have a home but have not made a decision to buy one. The emphasis has been put on university students

Distribution costs and administrative expenses to total revenue (%) 44.51 39.04 5.46 41.89 2.61 41.46 37.64 3.82 Net profit margin (%) 0.73 6.55 -5.82 1.48 -0.75 2.72 7.67 -4.95 1. Total revenue 3Q18 sales was

distribution at Wood Veneer mill. For small sizes and scraps of wood, they will further be raw material in production of MDF Board and Particleboard for the company and the subsidiaries. The company has reviewed