* (%) 23% 29% 28% (1%) 5% 22% 28% 6% Net profit margin (%) 15% 16% 16% (0%) 1% 14% 16% 2% * Exclude costs of depreciation and amortization 1 Management Discussion & Analysis Management Discussion & Analysis

Change +/(-) (Unit: Million Baht) QoQ YoY Operating revenue1 6,587 9,067 19,990 120% 203% 12,329 29,057 136% Cost of sales (exclude depreciation and amortization) (4,751) (6,574) (13,979) 113% 194% (8,846

baht 275.60 million (exclude Dividend revenue) from the same period of last year or increase 73.2% resulted revenue from metal business increase the company report a profit Baht 10.44 million increase

by such foreign company less 10% withholding tax to exclude such dividend from annual tax calculation. Previously, the SEC and SET discussed with the Revenue Department  measures to help ease dividend

Funds?. In this regard, calculation of investment ratio in infrastructure fund will exclude investment proportion in equity and debt instruments due to the difference of its risk and return

holders (Exclude Gain (Loss) on exchange rate) 426 127 299 236.2% Net profit (loss) attributable to equity holders Margin (%) (Exclude Gain (Loss) on exchange rate) 5.8% 2.9% 2.8% EBITDA 1,036 600 436 72.7

equity holders (Exclude Gain (Loss) on exchange rate) 432 426 6 1.3% Net profit (loss) attributable to equity holders Margin (%) (Exclude Gain (Loss) on exchange rate) 5.6% 5.8% -0.2% EBITDA 1,031 1,036 -5

parties are welcome to submit comments and suggestions via the SEC website or email: debt@sec.or.th. The public hearing ends on 13 January 2025.  Remark: * Plain vanilla instruments exclude Basel III

suggestions via the SEC website or email: debt@sec.or.th. The public hearing ends on 10 October 2024.      Remark: * Plain vanilla instruments exclude Basel III, Insurance Capital Bond, subordinated perpetual

business. The revision would exclude any insignificant misdemeanor or any wrongdoing not directly related to the issuer’s core business. In any event, the issuer must not operate business in such a way that