reduction. However, outstanding loss remained due to 1) sales shrinkage; 2) higher cost as a result of higher depreciation from investments in machinery; 3) higher financial costs from investments; and 4) one

. OCMSET/6201/006 January 30, 2019 Re: Management Plan after Discontinuation of Business of Manufacturing Accessories and Faucet Products, the Disposition of Assets Relating to Such Business. Attn

9.33 6.81 269.47% Selling expenses 48.61 49.70 1.09 2.24% Administrative expenses 104.31 109.93 5.61 5.38% Net impairment losses on financial assets - 7.07 7.07 100.00% Finance costs 6.92 4.60 -2.33

P a g e 1 | 7 Management Discussion and Analysis For the nine-month period ended September 30, 2017 The analysis of consolidated financial position as at 30 September 2017 The group’s assets

. ] Sales Revenue Consolidated sales revenue in Baht terms amounted to Bt3,088.3 million in 3Q19, representing an increase of 3.2% Q-o-Q but a reduction of 16.3% Y-o-Y, while sales revenue in USD terms grew

(Unit : Million Baht) 2017 2016 Inc./(Dec.) % Current Assets 216.90 189.91 26.99 14.21 Non-Current Assets 270.79 278.47 -7.68 -2.76 Total Assets 487.69 468.38 19.31 4.12 Current Liabilities 294.41 243.80

-0.06 22.22 Profit(Loss) attributable to equity holders of the company -59.81 -130.55 70.74 54.19 Financial Position as at December 31 (Unit : Million Baht) 2017 2016 Inc./(Dec.) % Current Assets 305.00

types of businesses nationwide, equal opportunities from the upcoming ASEAN Economic Community, inequality reduction, and aging society. Key initiatives to be launched in 2014 are, for example

.2535 (1992), as well as a disposal of assets of the Company pursuant to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions

mainly due to a reduction in bank deposits with collateral, as the company withdrew a guarantee credit line from one financial institution. The decrease in right- of- use assets resulted from depreciation