administrative expense amounted to Bt322.1 million in 2Q20, or 15.13% of sales, a decrease from Bt415.5 million in the same period last year. Selling expense, such as freight costs and sales commissions, decreased

173.84 in 2020. The main reason of the increase is a result from a dramatically increased of freight charge. Profit (loss) from operating activities In 2020, the profit (loss) from operating activities of

-year. Significant cost of sales consisted of cost of goods, imported freight, packaging cost and other import related expenses. Cost of sales is accounted for approximately 36.82 % of sales revenue with

4.22% up from 2Q2016. The Consolidated SG&A expenses increased since higher freight cost from higher export volume and increasing of transportation cost comparing to 2Q2016. The consolidated SG&A

transaction size calculated according to the acquisition of IGEN„s assets is equivalent to 91.52%. However, the company viewed that both transaction sizes should not be calculated in combination because the

last year, due to the market size increased of the company in the past few months, the Covid-19 effects the rice industry operators to increased their order of small sizes packaging (1kg, 2 kg, 5 kg

assets of the Company and its subsidiaries by which the Company has no other acquisition transactions within the past 6 months. Calculation of Transaction Sizes under the Acquisition and Disposal

32. 21 per cent of the total assets of the Company and its subsidiaries by which the Company has no other acquisition transactions within the past 6 months. Calculation of Transaction Sizes under the

the Board of Directors to certify the above transaction. Calculation of transaction sizes based on comparative criteria Criteria Calculation Value (percent) 1. Net asset value NTA assets to be acquired

as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating