2019. This has a negative impact on this segment for 1Q19 and also for over a month of 2Q19. Core EBITDA in 1Q19 was $3 million (-97% YoY; -95% QoQ). The decline in earnings of the segment was due to the

percent in Hero Experience, shall carefully co-consider with the major shareholder regarding the management of Hero Experience’s assets in order to limit the negative effect on the Company. The Company has

the management of Hero Experience’s assets in order to limit the negative effect on the Company. The Company has inquired the management of Hero Experience Company on the status of the creditor and the

Packaging, offset by negative price lag in HVA fibers and normalizing IPA margins  Production of 2.5 million tons, up 15% year-on-year with impact from higher utilization rates, partly offset by force

benefits from the prior investment projects. However, due to negative factors, e.g., the drop of RTD fruit juice market, a decrease in export CMG business resulted from some customer ending its distribution

is in negative number N/A 2. Net Profit = % of shares acquired x Net profit of target company x 100 Net profit of the Company * Not applicable since NEXT reported a net loss for the year 2018 N/A 3

Experience’s assets in order to limit the negative effect on the Company. The Company has inquired the management of Hero Experience Company on the status of the creditor and the payment method, Hero

applicable since the NTA of NEXT is in negative number N/A 2. Net Profit = % of shares acquired x Net profit of target company x 100 Net profit of the Company * Not applicable since NEXT reported a net loss

ติอาจไม่เปลีย่นแปลง Negative หมายถงึ อนัดบัเครดติอาจปรบัลดลง Developing หมายถงึ อนัดบัเครดติอาจปรบัขึน้ ปรบัลดลง หรอืไม่เปลีย่นแปลง สถาบนัการจดัอนัดบัความน่าเช่ือถือ Fitch Rating ค าอธิบายการจดัอนัดบัค

37.5 percent in Hero Experience, shall carefully co-consider with the major shareholder regarding the management of Hero Experience’s assets in order to limit the negative effect on the Company. The