increase in accounts payable. Quick Ratio (x) 2.62 3.47 (0.85) Return on Equity (%) 4.27 5.83 (1.56) The decrease in 1H18 net profit. Debt-to-Equity Ratio (x) 0.10 0.09 0.01 Slightly increase from

2017 Change Reason Liquidity Ratio (x) 5.28 6.80 (1.52) The increase in accounts payable and other payable. Quick Ratio (x) 1.88 3.47 (1.59) Return on Equity (%) 3.19 5.83 (2.64) The decrease in 9M18 net

Analysis For the period ended 31 March 2020 For the year ended 31 December 2019 Change Reason Liquidity Ratio (x) 6.40 5.85 0.55 The decrease in account payable. Quick Ratio (x) 2.05 1.91 0.14 The decrease

the quick ratios of 0.55 and 0.70, respectively. The increases were because the Company had less inventories corresponding to the decreased sales values. In its business operation, the Company uses the

2019 Change Reason Liquidity Ratio (x) 5.39 5.85 (0.46) Decreased mainly due to current portion of long-term lease liabilities increasing while asset increased less that liabilities increased. Quick

Liquidity Ratio (x) 5.23 4.53 0.70 Increased mainly due to the decline of account payable, while current asset decreased at slower pace. Quick Ratio (x) 1.63 1.93 (0.30) Decreased from lower cash and cash

result of lower-than-normal production capacity. Sales volume (Ton) - Euro 356 623 75.00% - United States dollar 875 927 5.94% - Thailand baht 2,345 2,216 -5.50% Total sales volume (Ton) 3,576 3,766 5.31

a customer, and the reclassification of fixed costs at the new factory which incurred as a result of lower-than-normal production capacity. Sales volume (Ton) - Euro 1,377 2,146 55.85% - United States

-53.56% Basic Earnings per Share 0.35 0.25 (0.002) 0.23 1.79 0.83 -53.56% Performance Report Issue of trade war between the United States and China affected the overall global economy as well as the

costs, written off withholding tax, travelling expenses and depreciation expenses. Sales volume (Ton) - Euro 2,146 1,190 -44.55% - United States dollar 4,646 2,432 -47.65% - Thailand baht 8,389 9,136 8.90