stimulate expenditure, including: Let’s Travel Together; credit limits increase; debt moratorium and measures for social-welfare card holders etc. Although these measures have now been implemented, consumer

consumer sentiment worsened. As in the previous quarter, in Q4 the main lime consuming sectors of the industry were impacted by the macro economy. However, despite the current challenges in the economy

competitors re-assigned volumes due to the weak export market. The strength of the Thai baht and additional capacity added in surrounding countries (e.g. Laos) were the major catalysts. Although volumes were

Company continues to focus on increasing operation and kiosks location management to increase total usage from both current and new customers. In 3rd quarter of 2020, as COVID-19 pandemic continues, despite

operations include (i) natural gas price and coal price that continued to drop further from previous quarter resulting in lower costs of sales and increasing industrial customers sales margin in spite of the

despite a sharp increase in LME zinc price. The USD zinc price increased by 23% from 2,781USD/ton in Q1 2017 to 3,422USD/ton in Q1 2018. Thai Baht appreciated against the US dollar by 10% from 35.29 THB/USD

its overseas subsidiaries’ operation as well as continuing marketing and managing expense to support existing customers despite of reduced in sales growth as compared. 4. Financial Cost For the third

cost from higher sale volume and higher sales volume in CNF incoterm. For 4th quarter, despite decreasing in sale volume, selling expenses increased 0.43 percent, due to higher transportation cost from

to 22.39%, despite accounting for THB 1.92 million of prior year tax expenses. Please be informed accordingly, Yours Sincerely, Mr.Soontorn Dentham Chief Executive Officer

% and 6.84% respectively, despite the fluctuation from the exchange rate as both subsidiaries has revenue proportion from international at more than 70%. On the other hand, Eastern Polypack revenue from