% and was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees and (3) increased sales of retail merchandise. Franchise fee income increased from THB 13.0 Mn

vested in the securities offeror. If the registration statement contains any false statements or omits to state any material information which should have been disclosed, the securities holders shall be

institutions as working capital amounting of 313.06 Million Baht during the period. 5. Share of loss associates accounted for using equity method amounting of 0.84 Million Baht from 4 associated companies as

transactions occurred during the 2nd Quarter 2017. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward

of Baht 8,792.0 million, increased of Baht 101.1 million. Because the increasing cost of raw material in manufacturing. Financial status Total assets As of 31 December 2019, the company and its

operations and as the Company repaid the long-term loan in advance. As of 30 June 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.37 times as a result of lower debts and higher equity

has changed slightly, Particleboard has increased by 19%. 2. Cost of sales Baht 2,392.5 million, increased of Baht 425.5 million. Because the increasing cost of raw material in manufacturing. Financial

advance. As of 30 September, 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.39 times as a result of lower debts and higher equity. Shareholders' Equity As of 30 September, 2017

Financial Statement, in which the equity method is applied Changes Separate Financial Statement Changes (Financial Statement, in which the equity method is applied) (separate financial statement) (Unit

and Particleboard have increased by 2% and 12% respectively. 2. Cost of sales Baht 2,463.3 million, increased of Baht 480.6 million. Because the increasing cost of raw material in manufacturing