the decreasing is the decreased of cash and cash equivalents due to the loss of company operating results and the reduction of inventory at 13.48 million baht which is consistent with sale. This

to write off obsolete inventories during the period. The Company reported shutdown expenses for inventory management against sales volume in 2Q17 at Baht 39.5 million decreased by 31.8% compared with

of B100 selling price. However, with crude palm oil price continuously declining, BBF recorded an Inventory Loss. The operating results of the separated financial statement for the 6-month period ended

working capital management during 9M17, trade receivable turnover, inventory turnover as well as trade payable turnover were not meaningfully changed yoy. Leverage ratio has improved as illustrated by

2.5% compared with QoQ, primarily due to declining of write off obsolete inventories during the period. The Company reported shutdown expenses for inventory management against sales volume in 3Q17 at

loss from inventory THB 301 million. KHON KAEN SUGAR INDUSTRY PUBLIC CO., 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA RAJATHEVI, BANGKOK 10400 28 December 2017 EXPLANATION FOR THE INCREASE IN NET PROFIT OF

, a decline of Bt204 million for the value of trade receivable and other receivable, an increase of Bt163 million of inventory as sales increased, and an increase of Bt373 million for the value of

goods inventory in which accounted to THB 216. 6 MB and THB 501.8 MB respectively or equivalent to 34.6% and 39.1% of the total assets. Secondly, cash and cash equivalents as of year-end 2016 and 2017

meaningfully changed yoy. Trade receivable and Trade payable period were slightly decreased while inventory period was unchanged. Leverage ratio has improved as illustrated by Interest Coverage ratio (EBITDA

from social security bureau. For inventory day, it was barely changed comparing to the same quarter of last year. Please be informed accordingly. Yours sincerely, (Surin Prasithirun, M.D.) Managing