UNOFFICIAL TRANSLATION Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand can neither undertake

Translation (Unofficial Translation) (Translation) -9- Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC

direct labor and overhead for manufacturing costs. However, the Company could manage to maintain the percentage of revenue and cost of sales comparing to the same period last year. Selling and

from steel structure manufacturing ratio in 3rd quarter of 2019 rose 35.10 QoQ resulting from condition to sorting tower before delivery in some projects cause additional labor and operating cost

consideration value 7.1 The reference of factory 150-175 million Baht valued by estimated from various quotation of subcontractors included material , labor, subcontractors cost, others pre-operating expenses

profit margin. Selling and administrative expenses were higher than last year, due mainly to professional fees related to SGAH and higher provisions due to the changes in the Labor Protection Act. Loss on

(44.44) (56.68) Labor costs 12.30 12.18 5.69 10.53 (6.61) (53.74) Depreciation costs 4.20 4.16 4.91 9.09 0.71 16.90 Freight expenses 0.70 0.69 0.22 0.41 (0.48) (68.57) Others/1 5.40 5.35 9.26 17.14 3.86

the cost (labor cost, administration cost, equipment cost etc.) of AFS who works for subsidiaries including overseas business, and the cost is allocated to the subsidiaries of AFS group. 5. Value of

. 2. The estimation of welfares for staff of the Company and subsidiary companies increases 32.96 million THB as a result of the new Labor Protection Act announced on 5 April 2019 and enforced 30 days

domestic tourists and earnings of Thai labor have declined while unemployment rate has been increasing. In addition, whilst private consumption shows some growth but limits in some areas; therefore