Projection by KResearch as of December 9, 2019 Thailand Economic Growth Ye ar -on -Y ea r C ha ng e ( pe rce nt) 4.1 4.2 2.4 - 0.7 1.1 0.7 0.7 0 1 2 3 4 5 2017 2018 2019 2020* GDP Headline Infllation 2 1.2

, decrease from the same period of last year that gross profit margin was 12.01%. This is result from steel price increase in Q1’2017 and then decrease in Q2’2017. Therefore, the selling prices decrease by the

recorded average selling price increase from 14,939 THB/ton to 17,362 THB/ton or increased by 16%. However the Company recorded sales volume decrease from 875,841 tons to 687,046 tons and marked to market

funds speculation and global sugar supply forecasted to be surplus in 2018. As a result, the Company recorded average export price increase from 16,557 THB/ton to 14,792 THB/ton or decreased by 11

, mainly are from - Increase in sales from traditional trade of 33% and price adjustment in all channels, reflecting raw material price increase. - Increase in sales from government contract of 190% to 325M

MTHB, increased by 885 MTHB comparing to 2016 or 29.1% due to higher sales volumes plus Ethylene and Glycerin price increase. The rise of Ethylene price was caused by turnaround of North East Asia

can pass through most of the raw material’s price increase to customers. Our gross profit in terms of amount will not be affected, however, the selling price increase resulted in the increase in the

/2017 of 158.4 million baht, mainly are from dividend received. The effect of negative result is not only from declining in export sales volume but also from... o Continuing price increase of rice raw

of seaweed from Korea much higher but it is predicted that the price will be restored to normal in 2018). Compared with the same period of last year, seaweed is still the old price before the price

, increased by 1,778 MTHB comparing to 2016 or 13% as a result of higher sales volume and Ethylene and Glycerin price increase. The rise of Ethylene price was influenced by both tight Ethylene supply from