imposed by management (paragraph........). ฆ 2.3 Corresponding figures contains or may contain material misstatement which the possible effects on current period’s figures exist, where: ฆ 2.3.1

bearing debt. Liquidity ratios are high at over 3 times current liabilities. Operating Cashflow (EBITDA) was THB 2,546m in 2019 26% lower than THB 3,420m in 2018. EBITDA was THB 2.5 billion in 2019 and THB

. Liquidity The group has THB 9.7 billion in cash and financial investments with no interest bearing debt. Liquidity ratios are high at over 3 times current liabilities. Operating Cashflow (EBITDA) was 7

-affirmed to AA- by TRIS Industry spreads weak Management focus on cost and cash flow improvement Exceptional items adversely impacted core EBITDA Strong Thai Baht adversely impacted translated earnings 2 3Q

. Inventory days were 79 days as at 30th June, 2017 and 78 days as at 30th June, 2016. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in

 30th September, 2017 and 71 days as at 30th September, 2016. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q3 2017 was THB

were 96 days as at 31st March, 2019 and 80 days as at 31st March, 2018 . Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q1 2019

 high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q2 2019 was THB 696m which was 9% lower than Q2 2018 was THB 765m.  Capital Expenditure Net Capital Expenditure

 March, 2017. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q1 2018 was THB 609m which was 30% lower than Q1 2017 at THB 873m

. Liquidity Liquidity ratios are high at approximately 4 times current liabilities. Operating Cashflow (Recurring EBITDA) in Q2 2018 was THB 766m which was 4% lower than Q2 2017 was THB 801m.  Capital