last year’s which, in turn, leads to an increase in Sales Revenue. 2. Sales cost to revenue ratio decreased by 2.57% (from 91.41% to 88.84%) because the company had a better control of production costs

Baht in the year 2016, due to revenue increased. Finance cost increase 4.90 million Baht and income tax 2.19 million Baht. The company experience net profit at 8.17 million Baht or profit by 0.08 Baht

than 20% To : President The Stock Exchange of Thailand Global Service Center Public Company Limited (“the Company”) would like to inform that the Company has already disclosed financial statements for

million, an increase from previous year amount of THB 11.49 million or 29.93 per cent. Due to the improvement of benefits under retirement plan for employees who were employed by the Company for twenty

/2018 compare to Quarter 2/2017 amount 36.15 million baht or increase 5.23 million baht (14.47%) because payable tax expense of the company and adjustment of labors salary in the quarter. -2- Balance

Stock Exchange of Thailand Union Pioneer Public Company Limited would like to clarify the net profit for the 1st quarter of the year ending on 31st March 2020. The Company had revenue from sales at 158

4.21 million (earnings per share of Baht 0.42), the increase of profit was Baht 2.62 million. However, the operating results for the six-month period ended on the same date, the Company reported a loss

an increase in trade and other receivables of Baht 24.08 million, with a decrease in inventories of Baht 3.81 million. Liabilities Total liabilities of the Company and its subsidiaries were Baht 60 .1

Assets The Company and its subsidiaries had total assets of Baht 525.87 million as at December 31, 2019, surging by Baht 330.40 million or 169.03% from December 31, 2018 due to an increase in cash and cash

No. MVP005/2020 21 February 2020 Subject: Management Discussion and Analysis for the year ended 31 December 2019 To: President and Manager The Stock Exchange of Thailand M Vision Public Company