to submit our management’s discussion and analysis for the fiscal year ended December 31, 2019, as follows: For the year ended December 31 Change 2019 2018 MB MB % Sales revenue 371.33 316.83 17.20

year sharply increased due to the increased in revenue from construction service in oil and gas sector amounting to 564.42 Million Baht, accounting for 123.03% compared to previous year. However, during

because of the decreased in LPG usage in transportation sector. Then, there is no demand for new installation. 4. Construction service income for the year sharply increased due to the increased in revenue

Company had total shareholders’ equity of THB 18,291 million, which almost at the same level as total shareholders’ equity of THB 18,303 million as at 31 December 2018. 18,291 18,303 553 552 4,589 4,601

634.78 Total comprehensive loss for the period -20.77 -10.99 -9.78 -88.99 Non-controlling interests of the subsidiaries 0.05 0.04 0.01 25.00 Profit(Loss) attributable to equity holders of the company

generated total revenues of 5,619 million Baht; or increasing by 118% as compared to the total revenues in Q2 2017 of 2,579 million Baht. This was mainly due to the increase in revenue from sales of the

1 Ref. No. JUTHA-10/2563 November 2, 2020 Subject: Amendment of Articles of Association, Debt to Equity Conversion Constituting a Connected Transaction, Issuance and Offering of Newly Issued Ordinary

Report Better performance of Thai Economy in Q1/FY2019 pushed forward the market’s growth in every aspect, as well as growth of Thai GDP that led to; 1. Increase in Company’s revenue around 73.39 million

) (465.5) 186.6 40.1% Net Profit/(Loss) attribute to equity holders of the Company (280.9) (367.7) 86.8 23.6% Sales 2018 Sales was 1,162.6 Million THB, increased by 49.7 Million THB or 4.5% YoY summarized by

increased by Baht 56.98 million or 3.04% compare with last year, mainly from an increase in short-term loans to support more working capital. The Company's debt to equity ratio as at 31 December 2019 is 1.90