when investment or divestment affects significantly that the Company can have or end its subsidiary status, then, the Company is required to disclose the information to the Stock Exchange of Thailand

rebounded to 26.0%, or +350 bps QoQ after capacity debottlenecking. *Net Profit = Net Profit attributable to owners of the parent Financial Performance for Q3’19 and 9M’19 Consolidated Income Statement

. 2019 gross profit increased by THB 1,063 million (or +13.5% YoY) to THB 8,946 million. This showed continued improvement throughout the year since Q4’18 thanks to “Fit Fast Firm” project (efficiency

EBITDA as well as increased share of profit from joint ventures and lower finance costs. • Total assets as of 31 December 2019 stood at THB 53,531mn, decreasing by 0.8% or THB 429mn from 31 December 2018

net profit* margin of 13.7%, +110 bps YoY. Our strategies are to focus on core products and defend profit through supply chain, operation costs and expenses control, such that A&P have been cut or

according to the 4 basis under Notifications on Acquisition or Disposal No Basis for Calculation Formula Transaction Size 1. NTA Basis N/A (NTA of BBB is negative) 45.04% 2. Net Profit Basis N/A (as NMG

criteria of information disclosure for the case when investment or divestment affects significantly that the Company can have or end its subsidiary status, then, the Company is required to disclose the

of investment or divestment for more than 10% of the registered capital. 9. Opinions of the Board of Directors The Board of Directors has an opinion that it is necessary to sell the shares and use the

or Disposal No Basis for Calculation Formula Transaction Size 1. NTA Basis Divested Portion (84.50%) x NTA of WPS (623.94THB million) / NTA of NMG ( 375.24 THB million) 140.50% 2. Net Profit Basis N/A

as follows: • Income from GLANDRT leasehold asset divestment amount THB 270 mn was recognized in share of profit from associated companies • GLANDRT dissolve expense amount THB https://market.sec.or.th