previous year (Quarter 3 of 2018: THB 9.83 million), mainly due to the decreased cost of translation service fees pertaining to international agreements. In Quarter 3 of 2019, SAAM Group’s gross profit

The Company’s negative net profit for 3rd Quarter 2019 is THB 8.14 million equivalent to 10.16%, in which the net profit decreased from the same period last year due to the increasing of the selling and

• Debt to Equity ratio2 stood at 0.80 times as of 30 September 2019, decreased from 0.94 times as at end of 2018 Changes in accounting policy and reclassification in 3Q19, during the 3-month and 9-month

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019

largely been completed. Income tax expense has decreased due to the lower EBITDA. Net income was up 5% due to a decrease in financing costs as interest rates have reduced which is positive and the lower tax

transfer in METRIS Rama9 – Ramkumhang and METRIS Ladprao which were completed construction and started transfer in 2020. - Revenues from hotel operations in Q2/2020 amounted 5.75 million baht decreased by

fee of motorcycle coatings decreased significantly. Total Expenses: In 2Q20, the expenses were significantly decrease by 18% from same quarter of last year due to there was an adjustment of employee

ENDED DECEMBER 31, 2019 1. Analysis of operation results for year 2019 in compar ison with those for year 2018 (from the consolidated financial statements) Items 2019 2018 Increased (Decreased) Amount

amount of 22.80 million baht. Revenue decreased by 74.54 million baht or 77 percent, mainly due to the sluggish economy, especially in the automotive industry, coupled with the change in company’ strategy

for the nine-month period ended 30 September 2019 of Baht 30.29 million, a change of loss decreased from 2019 by 81%. The Company would like to clarify significant changes of Group’s operation results