assets and the adoption of TFRS 16  Net profit from operation was THB 51mn, an increase of 25.0%  Cash flow for the quarter from operating activities remains positive at THB 65mn KEY BUSINESS AND

export raw frozen chicken parts to China for the first time in more than 10 years was another positive factor to boost export performance more than expected. Japan is the most important export market of

"good" in the report on corporate governance of listed companies for the year 2019 of the Thai Institute of Directors Association. November The Company received a credit rating at "A-", with "positive

.MB when compared with the same period of the previous year; or . per cent increase. It is expected that tendency of positive economy shall bring continuous increase of sales volume in the remaining of

up 56%  Driven by positive internal and external outcomes  LTM 2Q18 Core EPS THB 3.86 – up 61% YoY post 9.8% dilution from warrants exercise  Net Operating D/E 0.45x, Core ROCE 15.8% on LTM 2Q18

EBITDA per ton of $140 – all-time record high  Core Net Profit of $175 million - up 85% year-on-year  Core EPS of THB 0.99 – 55% increase year-on-year post 11% dilution from partial warrants exercise

global economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles

. Net Profit decreased by 24% to THB 1,805m in 2019 from THB 2,375m in 2018 due to lower operating profits more than offsetting an increase in exchange gain of THB 319m in 2019. Past Performance Analysis

projects The management maintain positive view onThailand's economic growth, which evaluated from the Company’s customers database and reports from the Bank of Thailand(BOT). BOTexpectsthat the

visualization, leading to pent up demand. Overall, sales in May improved compared to April due to the resuming of business. - June: The Company had positive growth in same store sales resulting from the change in