COMPANY LIMITED COMAN: COMANCHE INTERNATIONAL PUBLIC COMPANY LIMITED COTTO: SCG CERAMICS PUBLIC COMPANY LIMITED CPALL: CP ALL PUBLIC COMPANY LIMITED CPANEL: CPANEL PUBLIC COMPANY LIMITED CPF: CHAROEN

: COMANCHE INTERNATIONAL PUBLIC COMPANY LIMITED COTTO: SCG CERAMICS PUBLIC COMPANY LIMITED CPALL: CP ALL PUBLIC COMPANY LIMITED CPANEL: CPANEL PUBLIC COMPANY LIMITED CPAXT: CP AXTRA PUBLIC COMPANY LIMITED CPF

lower sales volume across all product due to major plant turnaround in Q2 2018. However, the overall selling price improved, especially for Caustic Soda and Epichlorohydrin due to the limited export

the improved selling price across all products, especially for Epichlorohydrin (“ECH”) caused by limited export from China and PVC from better market condition. Analysis of Cost and Expenses 1. In Q3

profit of 548 MTHB, decreased by 406 MTHB or -5.4% of net profit margin comparing with Q1 2018. This decrement was mostly caused by lower products’ spread margin across all products together with the

from greater sales volume across all products because of major plant turnaround in Q2 2018. The overall selling price decreased, especially for Caustic Soda due to the fall of its market price trend and

partially offset by higher sales volume of all main products as a result of stable operation. Analysis of Cost and Expenses 1. In Q3 2019, Cost of sales was 3,445 MTHB, decreased by 715 MTHB comparing to 2018

price of all products, especially on PVC, Caustic Soda and ECH according to the market price trends caused by limited export from China. The sales volumes also increased across all products, mainly linked

2016, mainly due to higher selling price of all products, especially on PVC and Caustic Soda according to higher production cost of Chinese PVC suppliers and limited PVC and Caustic Soda export volume

) Dividend Income. Share of Profit is a net profit in proportion of our equity stake (%). Such Share of Profit is net of all relevant costs in the Associates or Joint Ventures. Projects under Construction