conversion cost which has increased by 316% from the same quarter of last year which are mainly caused by the increasing price of graphite electrode and higher repair and maintenance cost and the proportionate

increase, particularly cullet costs in 1H18, and natural gas price increase, and 3) higher conversion costs from lower OEM sales. The Company’s total SG&A decreased by THB 86 million YoY (or -1.7%) to THB

the Company also had revenue from inspection service for turnaround of refinery and petrochemical customer. - Cost of service, distribution costs and administrative expense were 425.44 million baht

from construction and fabrication sector. And the Company also had revenue from inspection service for turnaround of refinery and petrochemical customer. - Cost of service and administrative expense were

. ▪ The THB 83.64-million-reversal of doubtful debt recorded in 2018 came mainly from the repayment of a fully amortized debt from MDX Asset to our 2 subsidiaries for a total of THB 70.85 million and also

-869-323 Fax: (66) 038-869-333 – Unofficial Translation – No. GST/ELCID-13/2019 August 9, 2019 Subject: The Debt to Equity Conversion, the Increase of Registered Capital, the Allocation and Offering of

and the Reversal of loss on devaluation of inventories. Another key factor in reduction in Cost of Goods Sold is the change in estimated useful lives of fixed assets as disclosed in the Note to

0.18 -150% -0.02 350% -0.09 -1.57 -94% Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV (2) Extra item was from reversal of inventory derogation because a supplier

million, lower by 4% YoY due to lower utilization rate, higher conversion cost, and lower Asian Spot MEG prices which is partly compensated by US ethylene cost advantage. In 1Q19, the EO-EG plant was shut

margin (excluding depreciation) in year 2018 was achieved at THB 886/ton, lower by 58% from last year due to the increase in the cash conversion cost which has increased by 18% from the last year which are