may provide higher return and lower risk. However, entering into the transaction does not affect the operation and liquidity of the Company because the Company has no loan obligations. While waiting for

. However, at that time, the company did not consider other types of investments to compare which may provide higher return and lower risk. However, entering into the transaction does not affect the operation

Transaction, therefore, is classified as a Class 2 Asset Acquisition Transaction, i.e., a transaction with the value of equivalent to or higher than 1 5 percent but lower than 5 0 percent pursuant to the

2019 of the Company. The Transaction, therefore, is classified as a Class 2 Asset Acquisition Transaction, i.e., a transaction with the value of equivalent to or higher than 1 5 percent but lower than 5

4.71 Average debt collection days 83 79  Current ratio was 5.54 times, lower than that of the year 2017 which was 7.63 times, due to purchasing raw materials increased.  Quick ratio was 3.38 times

THB 42,629m Non-current assets. Total liabilities stood at THB 44,939m while interest bearing debt was THB 31,925m while the net gearing ratio stood at 1.61x, significantly lower than the Company’s

million baht, increasing by 10% y-y. However, the Company was able to control the operating and administrative expenses representing 39% of total revenues, which was lower than previous quarter at 40% of

this lower gross margin in 2019. However, The company believes that this investment would be a key factor for competitiveness enhancement in the long run. Selling and administrative expenses Selling and

raw materials used in production was lower than the year 2018. 6. Cost of installation of pipes for the year 2019 was 89.75% of income. The cost per income rate decreased from the year 2018 which was

the Company under the Debt to Equity Conversion Scheme”). Since the said conversion price is 58.89 percent lower than the market price, such offering of the newly issued ordinary shares of the Company