of UWM at a par value of Baht 100 per share, representing 30.00 percent of the issued and paid-up capital of UWM at a price of Baht 25 per share (25 percent of the par value) with a total value of Baht

% Share of profit (loss) from investment in associates and joint venture 174.1 235.4 -61.3 -26.0% EBIT 916.1 1,991.4 -1,075.3 -54.0% Finance income 81.3 11.2 70.2 629.3% Finance cost -308.5 -325.6 17.1 -5.3

year 2019. The MD&A would enable the investors to better understand the Company and its subsidiary’s 2019 audited financial statements. An Analysis of Performance * Analysis of Income The Company and its

99.93% Selling expenses 12.23 4.58 7.65 167.03% Administrative expenses 19.75 14.31 5.44 38.02% Finance cost 0.53 0.89 (0.36) (40.45%) Profit before income tax expenses 113.42 55.02 58.40 106.14% Income

per share (Baht) 0.08 - 100.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization Statement of Income : Million Baht ZIGA INNOVATION PUBLIC COMPANY LIMITED 999

foreign exchange hedging at Baht 2.1 million. Other income reported at Baht 0.9 million from transportation, sales of scraps, and obsolete equipment. Gross profit margin slightly increased from 32.2% to

expenses 825.1 641.2 28.7% 767.8 7.5% Loss on impairment of assets 355.0 816.7 (56.5)% - N.A. EBITDA (19.0) (422.2) (95.5)% 411.9 N.A. Share of profit/loss from JVs/associaties (equity income) 9.4 1.3 606.8

may be not equal to 35.83 MW. 3 1.2) Key financial highlight Sales and service income, EBITDA, and NNP for 1H’2017 hit record high; EBITDA margin enhanced to 28% 6M'2016 6M'2017 % change million Baht

Ref. WINNER 0009/20108 Page 1 of 10 Disclosures on the asset acquisition of Winner Group Enterprise Public Company Limited on share purchase of Aesthetic Zecret (At-Ze) Company Limited (Schedule 1

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2018, East Water Group had total consolidated sales and services income of 1,045.39 million Baht, decreased by 117.85 million Baht or 10.13% compared to