) Allowance for the decline in value of inventory 32.63 19.35 68.57 Selling expenses 357.68 385.33 (7.18) Administrative expenses 118.99 97.01 22.66 Finance costs 19.52 24.07 (18.90) Total expenses 1,990.21

1,195.78 Million, decreased Baht 160.44 million or 11.83% when compare to the same period of 2018, due to the decreasing of average selling price as the market steel price decline, also the highly

13.58% from the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include sales from the

and recommend the premium receivables to pay money so that the amount of doubtful account could decline. Please be informed and kindly disseminate this information to the investors. Yours sincerely, (Mr

million baht, or 12.67% from the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include

Private sectors. Moreover, Wholesales/Retails sales was strongly affected by a flood of highly competitive consumers products from China amid the ongoing China – USA trade war, and the decline in Export

. The reason why the company's net profit margin has decreased is the company's sales decline and the impact of weather conditions that cause raw material shortages. In addition, the price of raw

potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together

bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons, and clearly provide information to the bondholders together with the opinions of the

with the bank.The SEC requires that the bondholders’ representative analyze the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of