funding as planned. The Company’s shareholder’s equity as of the period ending 31 March 2020 was 3,316.6 million Baht, increase 116.7 million Baht. Due to an increasing retain earnings increase due to the

amounting to THB 4,028 million together with increase in retained earnings of the Company. Please be informed accordingly. Yours Sincerely, Mr. Piyawat Ratchapolsitte Chief Financial Officer

at the end of 2017, mainly driven by the increase in Retained earnings As at 31 March 2018, the Company’s Debt-to-Equity ratio was 0.66x, improved from 0.70x at the end of 2017, while the Net Interest

laws. Shareholders’ Equity Total equity as of June 30, 2019 was Baht 6,577 million, increased by Baht 587 million or 9.8% from September 30, 2018, due to increase in retained earnings as a result of

million, increased by Baht 128 million from September 30, 2019, due to increase in retained earnings as a result of additional net profit during the nine-month period, netted with dividend payment

subsidiaries earned net profit of THB 70.57 million, resulting in a continuous increase in its retained earnings. Retained earnings as at 31st December 2017 and 31st March 2018 were THB 540.00 million and THB

by an increase in Retained Earnings. As at 31 December 2018, the Company’s Debt-to-Equity ratio was 0.69x, slighty decreased from 0.70x at the end of 2017 . Net Interest-bearing Debt-to-Equity ratio

increased by THB 2,648.8 mm from THB 31,014.1 mm as of 31 December 2018, mainly from WHA-W1 exercise and increase in market price of REITs as well as increase in retain earnings. KEY FINANCIAL RATIOS 31

28,533.4 mm as of 31 December 2017, mainly from increase in retained earnings as Company’s performance during this period. Cash flow analysis 2017 2018 THB mm THB mm Net cash generated (used in) from

, an increase of THB 46.6mn. 2) the unappropriated retained earnings as of 31 December 2018 before retrospectively adjust was THB 5,721.9mn and after the retrospectively adjust was THB 5,768.5mn, an