debt to equity ratio was 0.42 time and the consolidated net debt to equity ratio was considerably low at 0.27 time. Financial Highlights 1Q 2018 1Q 2017 Change THB million % Sales THB million % Sales THB

, as at March 31, 2019, the consolidated debt to equity ratio was 0.43 time and the consolidated net debt to equity ratio was considerably low at 0.26 time. Overall Financial Performance and

แบบแสดงรายการข้อมูลสำหรับการเสนอขายหลักทรัพย์ (แบบ 69-1) 1 No. WHAUP-CS029/2018 November 09, 2018 Attention: Managing Director – Stock Exchange of Thailand Subject: Report of Financial Results for

domestic front, which resulted in a decrease in Net profit attributable to equity of THB 42mn with a Net profit margin of 5.6%. FINANCIAL POSITION In this quarter, the Company restated the consolidated

that the auditor could not reach a conclusion on the valuation report of PACE’s equity investments in Pace One and Pace Three, conducted by an independent financial advisor, regarding the estimation of

consolidated statement of comprehensive income for Q2 and Q3/2017 on the basis that the auditor could not reach a conclusion on the valuation report of PACE's equity investments in Pace One and Pace Three

Page 1 of 3 GEL.CS.001/2563 2 March 2020 Subject: Management Discussion and Financial Analysis for the operating results as at December 31, 2019 To: Director and Manager The Stock Exchange of

financial statements of the Company and its subsidiaries for the year ended 31st December 2018. In 2018, the Company achieved consolidated profits (attributable to equity holders of the parent) of Baht 1,083

at June 30, 2018, the consolidated debt to equity ratio was 0.45 time and the consolidated net debt to equity ratio was considerably low at 0.30 time. Financial Highlights 2Q 2018 2Q 2017 Change 6M

foreign exchange contract in amount of THB 7,744.04 million. Capital Structure The Company and its subsidiaries had strong financial position. As at September 30, 2018, the consolidated debt to equity ratio