percent from that of the same period of the previous year. The Company started to utilize seaweeds from the 2019 season in full since late June, and as such, the costs of seaweed dropped during the second
, and environment. The Q3 /2020 is the period that the Company has boost the productivity since the Company can utilize new warehouse space after raising fund from initial public offering. Additionally
delivery and production order. As a result, the cost of sales per unit increased together with the subsidiaries could not utilize full capacity. (4) Dividend income The Company received dividend from Millcon
platform along with a structural foundation and a lifting for use in Carnival Magic Project. However, the authorized director and major shareholder of Cherdchaiwon is the spouse of Mr. Pin Kewkacha’s
hydraulic elevator platform along with a structural foundation and a lifting for use in Carnival Magic Project. However, the authorized director and major shareholder of Cherdchaiwon is the spouse of Mr. Pin
after the shares have been offered to the investors (2015) 5. Objectives of the capital increase and plans for utilizing proceeds received from the capital increase The Company will utilize all proceeds
Company. In this regard, the Company will use the equity method for accounting records of such affiliated company. Quorum for shareholders’ meeting The quorum of any meeting of the shareholders of Hello LED
the Company having no control over Hello LED and Hello LED will be deemed an affiliated company of the Company. In this regard, the Company will use the equity method for accounting records of such
more effective, and resulting in better return on investment to the Company’s shareholders. 9. Source of Funding The Company will use the proceeds from the issuance and allocation of 1,080,000,000 newly
Company be able to utilize the LED screens and billboards of COMASS in its full efficiency as well as to maximize the synergy between business of COMASS and the Company. 11. Opinion of the Audit Committee