(Translation) Page 1 of 2 No. CBG 053/2017 14 November 2017 Re: Board resolution and change of overseas subsidiaries’ capital structure To Managing Director Stock Exchange of Thailand Reference is
had less total assets than corresponding period last year at amount Baht 53.79 million or 4.59% which consisting of Costs of real estate development projects for sale, deposit for land held for
provisions of impairment of assets from the shutdown of roasted seaweed production line in USA in the amount of 26 million Baht and closure of 4 Taokaenoi Land shops in the total amount of 4 million Baht. The
doubtful accounts 50% of the debt overdue 181 days - 365 days, due to the debtors have been in long term business with the Company and there’s no problem of payment. As well as the debtor has proposed assets
. Transaction size of disposal on fixed assets is THB 10,134,923 which accounted to 0.0161% under the total value of consideration criteria. 2.2 Asset acquisition 1st transaction Partners of Contract Seller
receivable from rental of assets Debtor 9 Nature of Business Trading all types of steel Relationship with the Company Business Partners Debt amount * 271.76 million Baht Debt to Sales ratio** 7.90 % Provision
%) At the year ended of December 31, 2017, company and subsidiaries had less total assets than year ended 2016 at Baht 235.33 million or 16.23%, more total liabilities at Baht 24.5 million or 3.80%, less
Thachin,Amphur Muangsamutsakhon,Samutsakhon 74000,Thailand. - 3 - Financial position The Company recorded total assets of Baht 543.61 million as at March 31, 2018, a Baht 89.41 million or 19.69% growth from
Profitability Ratios The gross margin was 25.50% and the net profit margin (%) was 19.42% Performance Ratio The return on assets (8.74) indicates that the company can not use the asset efficiency. To achieve
substantially pushed up its net profit and net profit margin. Financial position The Company recorded total assets of Baht 1,424.80 million as at June 30, 2018, a Baht 970.60 million or 213.69% growth from that