Analysis Quarter 1 2018 sales revenue for the group increase 10% year‐on‐year in USD terms to USD 165m in Q118 from USD 149m in Q117. The average exchange rate for Q118 was 10% stronger at THB/USD 31.5 from

889m with the gross margin being 11% in 2019 down 3 percentage points from 14% in 2018, due to lower sales revenue and stronger THB/USD exchange rate. Operating Profit Analysis The Operating profit

the stronger Thai Baht against USD. Total sales volumes of year 2017 decreased by 11% from 2016, whilst the sales of zinc metal from PDI’s own operations dropped to 60% of total year 2017 sales Page 2

 revenue for the group increased 13% year‐on‐year in USD terms, from USD 135m in Q216 to USD 153m in Q217. The average exchange rate for Q217 was 3% stronger at THB/USD 34.3 from THB/USD 35.3 in Q216.  As a

 revenue for the group increased 13% year‐on‐year in USD terms, from USD 152m in Q316 to USD 172m in Q317. The average exchange rate for Q317 was 4% stronger at THB/USD 33.4 from THB/USD 34.8 in Q316.  As a

 for Q218 was 7% stronger at THB/USD 31.9 from THB/USD 34.3 in Q217.  As a result the sales revenue in THB terms increased 4% year on year for the quarter. Year‐on‐year,  in USD terms, the

. The average exchange rate for Q319 was 7% stronger at THB/USD 30.7 from THB/USD 33.0 in Q318. As a result the sales revenue in THB terms decreased 14% year on year for the quarter. Year-on-year, in USD

from USD 162m in Q119. The average exchange rate for Q120 was 1% stronger at THB/USD 31.3 from THB/USD 31.6 in Q119. As a result the sales revenue in THB terms decreased 10% year on year for the quarter

mentioned. Excluding such non- recurring income, 1Q18 revenues would have grown 9% QoQ, mainly from stronger performance of hotel business. Management Discussion and Analysis 1Q18 Consolidated Financial

Kumar, and the pledge of shares in SGAH and its subsidiary to the Company. The Company sees good opportunity to gain stronger footprint in the global market by this investment. Also, the Company will have