financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors

issued shares of MACO, therefore, the Company uses only 69.62 percent of the total value of consideration (equivalent to the shareholding ratio of third-party shareholders of MACO) in calculating the

Company Business Partners Debt amount * 243.02 million Baht Debt to Sales ratio** 7.56% Provision for allowance for doubtful accounts 100% of outstanding balance due to the debtor having overdue debt, due

for Devalue &Bad Debt 224.12 160.17 176.19 8. Reserve for Devalue &Bad Debt - 22.07 - 9. Net Profit After Tax 224.12 138.10 176.19 10.Net Profit attributable to Owner Company 223.31 138.14 176.19 บริษัท

Equity % 7.2 10.9 9.8 In 2018, The Company and Subsidiaries Company still have the strong Financial Status. Current Ratio is 9.28 times and Debt to Equity Ratio equals 0.10 times Please be informed

of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to

Reserve for Devalue &Bad Debt 130.68 163.04 224.12 8. Reserve for Devalue &Bad Debt - - - 9. Net Profit After Tax 130.68 163.04 224.12 10.Net Profit attributable to Owner Company 131.61 163.11 223.31 บริษัท

consider and approve the following matters:      (1)  Exemption from an event of default for the bond issuer’s  non-compliance with the requirement to maintain the Interest-Bearing Debt to Equity Ratio of

from the securities company that underwrites the structured notes and the issuer. The investors may study the registration statement and draft prospectus filed by the debt se with the SEC Office on the

Description Unit 2017 2016 2015 1. Liquidity ratio Time 7.59 8.29 1.58 2. Liquidity quick ratio Time 3.13 4.36 0.50 3. Average debt collection time Day 69 57 40 4. Average debt repayment time Day 71 64 63 5