administrative expenses in Quarter 2/2019 increased by Baht 22.3 Million or 16.4% from Q2/2018 due to past services cost for long-term employee benefit (Labor Protection No. 7, B.E.2019) and IT system improvement

. However, in Q2/2019, the company will have to recognize the interest expense and the advisory fee for the acquisition of GLOW, as well as recognizing the employee benefit expenses for the group. For 1H/2019

receivable 87.00 4.25% - - Investment in associated company 272.33 13.32% 286.20 17% Property, plant and equipment 791.98 38.72% 871.72 52% Right-of-used 213.73 10.45% - - Biological assets – dairy cow 48.07

81.47 4% 83.74 4% Investment in associated company 230.00 11% 235.09 12% Property, plant and equipment 776.29 38% 803.45 40% Right-of-used 198.67 10% 214.69 11% Biological assets – dairy cow 50.31 2

% Property, plant and equipment 765.92 38% 803.45 39% Right-of-used 193.53 10% 214.69 11% Biological assets – dairy cow 48.91 2% 46.25 2% Others 46.76 2% 40.33 1% Total assets 2,034.21 100% 2,018.34 100% Total

% Lease receivable 76.30 4% 75.88 4% Investment in associated company 203.78 10% 210.47 11% Property, plant and equipment 743.60 37% 757.69 39% Right-of-used 164.29 8% 179.07 9% Biological assets – dairy

% Property, plant and equipment 823.82 52% 712.57 51% Biological assets – dairy cow 47.16 3% 46.27 3% Others 54.68 4% 55.53 4% Total assets 1,567.31 100% 1,385.63 100% Total assets were Baht 1,567.31 million

in associated company 280.49 14% 286.20 17% Property, plant and equipment 779.69 38% 871.72 52% Right-of-used 223.01 11% - - Biological assets – dairy cow 48.53 2% 45.97 2% Others 51.32 3% 48.46 3

% Trade and other receivables 199.61 12% 120.51 9% Inventories 161.04 10% 119.88 8% Investment in associated company 319.19 20% 352.51 25% Property, plant and equipment 821.88 51% 712.57 51% Biological

associated company 432.44 30% 483.96 36% Property, plant and equipment 645.19 45% 558.59 42% Biological assets – dairy cow 46.06 3% 44.28 3% Others 52.80 4% 61.09 4% Total assets 1,441.64 100% 1,345.45 100