transferred the total payment of approximately 2.95 million baht into the accounts of Mr. Niwat, Mr. Sutin Promthong and North Environment Co., Ltd. (NE). NE is deemed under control of Mr. Bhusana and Mr. Saran

transferred the total payment of approximately 2.95 million baht into the accounts of Mr. Niwat Maenim, Mr. Sutin and North Environment Co., Ltd. (NE). NE is deemed under control of Mr. Bhusana and Mr. Saran

Earth Tech Environment Public Company Limited Page 1 17th August 2020 Subject Management Discussion and Analysis Financial Performance for the quarter ended 30th June 2020 To President The Stock

investment in a medium-sized booth of the painting segment to support new orders during the late of year, the expansion of the building and warehouse at Chonburi branch to support business expansion and to

core revenues decreased by 10% y-y in 3Q18, mainly caused by lower Office Paper and Warehouse Management businesses. For 9M18, Company reported revenue growth of 46% y-y or THB 474 million, driven

Warehouse in Q3. The Company also had a foreign exchange gain of THB 0.1 million during the quarter. Gross profit margin from both sales of goods and rental and rendering of services increased from 23.0% to

rental and rendering of services increased 21.2% from THB 109.5 million to THB 132.8 million due to an increase in the rate of car parking services and utility fees, and new tenants for Bangna Warehouse in

Baht 20.04 million or 5.63% as the company had increased the sale of Cosmetics and Consumer Products. Income from warehouse rental services of Baht 5.29 million, increased from last year by Baht 0.11

0.89% as the company had increased the sale of Cosmetics and Consumer Products. Income from warehouse rental services of Baht 5.18 million, same as last year. 2. The company had the cost of sales and

3.81% as the company had the sale of Cosmetics and Consumer Products of Baht 354.74 million, decreased from last year by Baht 8.40 million or 2.31%. Income from warehouse rental services of Baht 5.29