%. Because in the past the market has increased the price competition. In addition, customers negotiate the price by referring to the decrease in world wheat market prices and the appreciation of the baht in

clarify operating performance of the Company three-month for the Quarter 2/2019 ended 30 June 2019 as the following: change Q2/2019 Q2/2018 increase (decrease) Sales 172.5 240.8 -28.4% Other income 17.8 0.6

business unit was dropped by 1.99%. And the sales value of Specialty Chemicals business unit was increased by 49.28%. The 1.36% decrease in total sales revenue was mainly due to the decline in selling price

high-technology products, an increase in price of the Company’s core raw material, copper foil, due to an unbalanced demand/supply in the market, as well as the appreciation of the THB in a short period

Assets Total Assets - Previously Reported 94,224.83 96,391.09 Derivative Assets Increase / (Decrease) 143.51 488.56 Investments in Associates and Joint Ventures Increase / (Decrease) (573.93) (785.71

Company and its subsidiaries recorded total sales of Baht 1,174 million, a decrease of 19% YoY, occurred from a decline in domestic branded sales and impacted from financial statement adjustment in

Reported 94,224.83 96,391.09 Derivative Assets Increase / (Decrease) 143.51 488.56 Investments in Associates and Joint Ventures Increase / (Decrease) (573.93) (785.71) Total Assets - Restated 93,794.41

major renovation of Dusit Thani Philippines, despite the decrease in revenue mainly due to THB appreciation against the US Dollar and Peso, at 10.0% and 13.1%, respectively. • Hotel Management 1Q18

materials Copper, Copper Foil, Laminate and Fiberglass, as well as the appreciation of the THB. Despite the increase in raw material prices and the THB’s strengthening, an increase in capacity and efficiency

First Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our First Quarter of 2020 with a Normalized Net Income of Baht 219.0 million, a 18.8% decrease from 1Q2019 while Net Profit of Baht 43.5 million