varied in accordance with the volume sold consist of (1) raw materials and packaging for productions, and (2) purchase costs of 3rd party products for distribution. The variable cost components accounted

of cost of Sales and Services of the Q4–2020 varied in line with the revenue. However, the decreased rate of the cost of Sales and Service was greater than the decreased rate of the revenue especially

2018 due to slowdown in Thailand economy. Meanwhile, imports of Hot Rolled Steel increased by 2% to 4.04 MT due to strengthening of THB and the effect of termination of enforcement of Safeguard Measure

manner of price-dumping and unfair trade and finally will lead to the enforcement of Anti-Dumping or Safeguard measures. The world steel production capacity utilization ratio of the 67 countries in

thousand tons, decreased by 117 thousand tons or 31% YoY which affected from final resolution by the Trade Interests and Remedies Committee to get no extension of the safeguard measures for imported hot

of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling

Sainsbury’s. (3) Expenses related to sales which has a mixture of fixed cost and variable cost that is varied to the revenue from sales subject to the business plan. The expenses related to the sales were THB

service expenses which have been varied by the increase in fees and service income. Table: Operating Results (Unit: Million Baht) Items Quarter Variance 1/2020 1/2019 Amount (%YoY) Fees and service income

and long-term debt from financial statements as of 30 June 2020 which may be varied from the estimated amount stated in the Sale and Purchase Agreement. Nonetheless, it is expected that such adjustment

convertible bonds obtained an approval to offer for sale under this Notification has specified conversion price and ratio varied to market price of underlying shares and it is necessary to issue new underlying