Analysis For the period ended 31 March 2020 For the year ended 31 December 2019 Change Reason Liquidity Ratio (x) 6.40 5.85 0.55 The decrease in account payable. Quick Ratio (x) 2.05 1.91 0.14 The decrease

the pro forma financial information of HCGB. Liquidity and Appropriateness of Capital Structure As at 31 December 2018 and 2019, the Company had the current ratios of 1.10 and 1. 14 and the quick ratios

the quick ratios of 0.55 and 0.70, respectively. The increases were because the Company had less inventories corresponding to the decreased sales values. In its business operation, the Company uses the

2019 Change Reason Liquidity Ratio (x) 5.39 5.85 (0.46) Decreased mainly due to current portion of long-term lease liabilities increasing while asset increased less that liabilities increased. Quick

Liquidity Ratio (x) 5.23 4.53 0.70 Increased mainly due to the decline of account payable, while current asset decreased at slower pace. Quick Ratio (x) 1.63 1.93 (0.30) Decreased from lower cash and cash

Transaction, i.e. a transaction whose size is not less than 50 percent but is lower than 100 percent, calculating based on the total value of consideration criterion, which gives the highest transaction value

58.92%, which is deemed as Class 1 Transaction, i.e. a transaction whose size is not less than 50 percent but is lower than 100 percent, calculating based on the total value of consideration criterion

100 percent, calculating based on the total value of consideration criterion, which gives the highest transaction value, pursuant to the Acquisition and Disposition of Assets Notifications. Therefore

appropriately responsible for the accommodations and travelling expenses truly incurred from such visit, and the SEC Office may set a clear criterion for this matter. Clause 4 The information or documentation

short-term loan of Baht 14 million. - 6 - (2.7) Financial Ratios Financial Ratios As at December 31, 2018 As at December 31, 2017 Current Ratio (Times) 1.48 1.30 Quick Ratio (Times) 0.65 0.65 Cash flow