the decrease of liabilities of 32.85 million baht because cash received from increased capital was used to repay the bank in respect of the acquisition of FKR.  Retained Earnings decreased due to the

:49) led to a change in accounting treatment on this project, from previously Consolidation to Equity Method. This activity was resulting in a decrease in Cost of property development and an increase in

exchange rate, resulting in a decrease in net profit ratio (ROS) from 16.00% in 2018 to 14.78% in 2019. The total expense to total revenue ratio increased from 13.32% in 2018 to 17.46% in 2019. 1. Overview

decreasing in sales revenues of scrap production. Costs and Expenses of Sale and Administration Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2019 2018 Amount

decrease in net profit ratio (ROS) from 17.16% in the nine-month period of 2018 to 15.74% in the same period of 2019. The total expense to total revenue ratio increased from 13.55% in the nine-month period

1.10% of total revenues respectively. The decrease in financial cost was due to the repayment of the entire amount of loans from bank in January 2017. Page 3/5 Tax Expenses Tax expenses for the three

acquisition of FKR in Malaysia. However, if compared to Q1/17, there is a significant change in the decrease of liabilities of 75.90 million baht because cash received from capital increase was used to repay

to share acquisition of FKR in Malaysia. However, if compared to Q1/17, there is a significant change in the decrease of liabilities of 75.90 million baht because cash received from capital increase

this increase partially offset by decrease of account receivable from factoring and decrease in loan to related parties. Total liabilities decreased by Baht 697.07 million while total shareholders

revenue increased by 3.2% year-on-year. Sales and service income increased by 4.4% attributable to 6.7% increase in automotive parts businesses and 1.1% decrease in dealership businesses respectively. It is