reported at 21.6%, nearly to %GP 9M18 represented at 21.7%. Excluding TBSP %GP at 17.2%, Company’s core %GP achieved at 24.9%, primary by higher Gross Profit of High-Valued Document. Excluding extra expenses

% Gross profit 27.23 37.66 10.43 38.30% 81.03 120.73 39.71 49.00% Other income 0.04 0.06 0.02 57.94% 0.10 0.21 0.11 115.92% Selling expenses (0.86) (1.25) (0.40) 46.52% (3.30) (5.59) (2.29) 69.39

., Ltd. accordingly and others. 3 Expenses The Company’s expenses mainly consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. In the first quarter of 2017, the

factors that have materially affected, or could materially affect, the company’s operations. Also disclose any significant components of revenues and expenses that are necessary to understand the issuer’s

selling expenses from new packaging launch for some branded product; 6) higher administrative expenses from higher personnel expenses; 7) higher R&D expenses; 8) higher finance costs due to higher

operation in 4Q/2020 or 1Q/2021 at the latest. 3 Selling, general and administrative (SG&A) expenses Total selling and administrative expenses were THB 2,753 million, a decrease of THB 540 million or 16.4

contribute high gross margin; 4) marketing activities to help dry stock at trade stores and prepare for new packaging launch in Q3; and 5) increased administrative expenses from higher personnel expenses to

proportion of oversea sales in each export country due to different selling prices to each country. - Translation - Page 5 of 6 3 Selling, general and administrative (SG&A) expenses In Q3/2017, our SG&A

.  Selling expenses Selling expenses for year 2017 and 2016 amounting to THB 185 million and THB 160 million in respectively, with the amount was recorded at the same level.  Administrative expenses

caused from the selling price increasing according to HRC market price worldwide trend increased.  Selling expenses Selling expenses for year 2017 and 2016 amounting to THB 185 million and THB 160 million