decrease of 9.2% from 2018 and 4.4% from 2017 respectively. The Debt to Equity ratio of 0.40 times in 2019, a drop from 0.42 in 2018 and 2017, is at a level signifying reasonable capital structure and low

follow: Note: The Company has adjusted the sales’ expenses to deduct and show the net amount in sales revenue resulting in a decrease in sales revenue and gross profit. As the for distribution cost, the

/2017 to 63.79 percent in Q3/2018. Cost for Rent and Service The Company and its subsidiaries' cost for rent and service was decrease of Baht 0.29 million or 0.55 percent. Sales and Administrative

Company and its subsidiaries’ rental income and service revenue earned decrease of Baht 1.18 million or 20.69 percent. 2  Expenses Cost of Sales The Company and its subsidiaries' cost of sales ratio was

amount consisted of domestic and overseas sales at the proportion of approximately 40:60, respectively. The overseas sales of branded products by own manufacture grew by 27.0% offsetting the drop of 1.7

)  EBITDA and EBITDA margin was THB 977mn and 14.0%, respectively, surging by 578.0% or THB 833mn, largely as a result of the aforementioned reasons above and lower loss on impairment of assets  Reported net

situation as Ft charge already increased in January 2019 and more scheduled maintenance during Q4’2018 relative to Q3’2018. • EBITDA margin was lower to 25.1% in 2018 because of more scheduled maintenance

BKD’s Board 1/2020 on February 28, 2020 has been approved the financial statements for year ended 31 December 2019. The Company net profit of 85.66 million baht which decrease 84.76 million baht or (49.74

percent. Because the ability to transfer ownership increases. Rental Income and Service Revenue The Company and its subsidiaries’ rental income and service revenue earned decrease of Baht 2.41 million or

the Information Memorandum on Asset Disposal, Transaction No. 2, and are attached hereto as Enclosure 3. Sincerely yours, (Mr. Peerapong Jaroon-ek) Director and Chief Executive Officer Authorized