of the previous year due to the Company needed funds to support project, therefore, increased external borrowing and overdraft with a relatively high interest rate. - At the end of the year of 2019

business operations of the Company, such as gains from exchange rate, interest income, and bad debts received afterwards. For the year 2019, the Group has other revenues totaling 115 Million baht increased

Margin Gross profit margin decreased from 37.91% in 2018 to 35.47% in 2019. This is because the customers’ purchase orders had declined, and as a result, the overall utilization rate was lowered, along

delivery charge. 5. Cost of sales of pipes for the year 2019 was 88.15% of income. The cost per income rate decreased from the year 2018 which was 91.56 percent of income. The major reason was the cost of

Company’s and its subsidiaries’ operation as well as impact the averaged higher interest rate as compared to the previous year. 5. Net Profit For the year 2019, the Company’s net profit was USD 10.97 million

, or equivalent to THB 4,275,683,281.33, by way of the Allocation and Offering of the Newly Issued Ordinary Shares of the Company under the Debt to Equity Conversion Scheme. Remark - The exchange rate

August 1, 2017, the exchange rate was Baht 4.3085 per 1 HKD) as following details: 1. Transaction date : Within August, 2017 2. Transaction parties involved  Buying party : O.C.C. Plc.  Selling party

financial assistance Transaction volume : Guarantee balance amount of HKD 500,000.- or Baht 2,100,900.- (Exchange rate = Baht 4.2018 / HKD from Bank of Thailand as of August 7, 2017) Above transaction came

the rate of such remuneration for hotel advisor services and any other details as Chief Executive Officer deem appropriated. 2 Value of connected transactions : The remuneration is based on 2% of total

Interest rate of 1.5% per annum repayment on demand without collateral to related persons on proportion. The Company holds 33.33% shares in The Iconic Property Company Limited. Page 2 of 3 4. Transaction