Microsoft Word - S_2019_GRC-02_025_S43 Share Acquisition_EN Page 1 – Translation – GRC-02/2019/025 11 December 2019 Subject: Report of the Asset Acquisition To: President The Stock Exchange of

. Production of both pick-up and passenger car reported volume increase. Domestic car sales grew by 22.2% year on year. This increase was partly offset by decrease of export volume by 5.3% compared to last year

of new car models, orders from the Bangkok Motor Show in March, and increase agricultural product price. Export volume has decreased by 7.6% year-on-year to a volume of 284,301 units in Jan-Mar 2017

, new car model introduction, and some impact from the Bangkok Motor Show in March. Profit & Loss Analysis (Unit: Million Baht unless otherwise stated ) Q2 2017 Q2 2016 Change Amount % Total Revenues

-355.1 -5.0% Gross Profit 707.7 1,026.1 -318.4 -31.0% Gross Profit Margin (%) 9.5% 12.6% -3.1% SG&A expenses 459.9 440.4 19.5 4.4% Loss on exchange rate 0.0 35.4 -35.4 -100.0% EBIT before share of profit

68.6% Gross Profit 813 396 417 105.3% Gross Profit Margin (%) 11.1% 9.3% 1.8% SG&A Expenses 456 310 146 46.9% EBIT before share of profit (loss) from Investment in Associates and Joint Venture 608 275

6,380.3 -499.7 -7.8 Gross Profit 555.9 772.3 -216.5 -28.0 Gross Profit Margin (%) 8.6 10.8 -2.2 SG&A expenses 455.9 428.5 27.4 6.4 EBIT before share of profit (loss) from investment in associates and joint

share of profit (loss) from Investment in Associates and Joint Venture 209.1 606.7 -397.6 -65.5% Share of profit (loss) from Investment in Associates and Joint Venture 80.0 80.8 -0.8 -1.0% EBIT 289.1

previously recognised through comprehensive income 171.2 0.0 171.2 N/A EBIT before share of profit (loss) from investment in associates and joint venture 51.5 452.7 -401.1 -88.6% Share of profit (loss) from

Margin (%) 12.6% 11.1% 1.5% SG&A expenses 458 392 66 16.8% Loss on exchange rate 35 4 32 904.4% EBIT before share of profit (loss) from investment in associates and joint venture 604 435 169 38.9% Share of