%. The details were, as followings; Drought in 2016 caused lower cane production In 2016, drought in Thailand caused the Company less cane production in 2017. The Company has crushed cane in 2017, 6.83

and strengthening domestic demand, growth in the ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand, and Singapore) economies is projected to remain robust at around 5% for the fourth quarter of

million last year, representing a decrease of 69%. The details were, as followings; Recognized revenue from sugar carry-over with high cost In 2016, drought in Thailand caused the Company less cane

to 2017. The main lime consuming sectors of the industry continue to expand: we maintain the view that the sugar cane harvest will be 10-15% stronger compared to last season, which translated into

positively, private consumption remained robust through amid still- weak inflation. On 10th July, a new cabinet was formed that should largely see policy continuation; however, given the coalition’s slim

decreasing of revenue due to fee from Tons of sugar cane THB 20 per sugar ton of sugar cane which effect since 2018 January 15th was record in 2019 amount THB 114 million. 3. The new project Refinery was

by TH 686.96 per ton. This lead to the increase cost of raw material. Cost per unit was increased from cane volume of Crop year 2019/2020 was 1.8 million ton decrease from the same period of Crop 2018

company had refund from the Office of Cane and Sugar Fund according to the assistance project to support sugar cane planter and sugar plants by THB 234 million. Distribution Cost Decrease in distribution

returning value to our shareholders”. 2. Outlook In 2018 as a whole, the Thai economy expanded 4.1%, +4.0% year-on-year and looking ahead, the economy is expected to continue growing at a robust pace in 2019

tons or decreased by 9%. However the 2nd quarter 2018 which is normally the end of harvesting season, the Company has crushed cane increase significantly from 6.83 million tons in 2017 to 11.03 million