explanation and analysis Quarter 1/2021 ending 31 March 2021 Attention: The President of, The Stock Exchange of Thailand Ziga Innovation Public Company Limited (“the Company”) manufactures and distributes Pre
the disposal of deteriorated fabric raw materials which VIBHA share of loss amount to 47.92 million Baht . Please be advised accordingly. Yours sincerely, (Mr.Chaisith Viriyamettakul) Manager Director
volatile during this quarter. However, Thailand’s financial stability was satisfactory due to a high current account surplus and rising demand for imported raw materials used in export-oriented manufacturing
of the year. However, the gross margin in the middle of 2019 will receive a positive effect from seaweed price and exchange rate; thereby the costs of main raw materials will be reducing by more than
comparing to the same period in the previous year. This is due to the price of the seaweed (raw materials) used increasing in 2017 (production of seaweed in China has decreased by 35 percent, making the price
decreasing at the amount of 4.57 million from the decrease of revenue from selling raw materials in the 1st quarter 2019. Financial Position: Consolidated Financial Statements 1. Total Assets Statement of
installed in the past year. However, the main variable costs including raw materials and consumables used decreased from the previous year as the production slowed down. The only selling and administrative
project from new target customers in the group. Electrical Appliances and with our major customers have increase in import raw materials, so the revenue from air freight has increased respectively. And
the cost of raw materials used in production was lower than the year 2019. WIIK PUBLIC COMPANY LIMITED 90 CW Tower A T + 66 (2) 6128600 Business ID 0107538000151 35th Floor
81.85% of income. The cost per income rate decreased from the quarter 2/2019 which was 89.77% of income. The major reason was the cost of raw materials used in production lower than the quarter 2/2019 and