confident that the net profit in 2018 will improve accordingly because of; 1) The new cost structure both in the seaweed price and capacity utilization. 2) The new product launch with the gross margin over

2018 to be 86% of the amount stated in the agreement, which is considerably high. Aside from this, the increased demand during Winter had refineries around the world maximizing their utilization rate

three months ending 31 March 2018 to THB 3.5 Mn in the same period of 2019, a decrease of THB 2.8 Mn or 44.4%. This was mainly due to the utilization of proceeds from initial public offering to pay back

utilization, which was partially offset by a lower cost of the copper (Table 2). Furthermore, as the majority of factory burden costs are fixed, whereas total production volume decreased, which resulted in a

20.7% increased Q-o-Q from 18.9% but decreased Y-o-Y. In principle, the cost of production is influenced by factors such as the capacity utilization rate, product mix, a change in LME copper price and

capacity utilization at all PCB facilities during the first quarter, while defect rates gradually improved and several cost reduction initiatives were taken up. In addition, the THB depreciation and a

as a percentage of sales dropped Q-o-Q and Y-o-Y to 18.17% in 2Q20 following a decrease in capacity utilization to nearly breakeven point at the KCE new plant during the second quarter. In addition

has various sources of fund such as fund remaining for utilization of the proceeds derived from the capital increase, working capital, cash from the operating result that would normally be received from

by business unit Methyl Ester (ME) Business Unit Operating Performance Exhibit 5 : Keys Operating Performance of ME Business Unit 1Q2018 1Q2017 % yoy 4Q2017 % qoq Utilization (%) (1) 119% 86% 33% 100

scales. Moreover, Asia Can Manufacturing Co., Ltd. ("ACM") the new aluminum can production facilities, rapidly increase its utilization rate quarter by quarter from 50%, 68%, 86%, to hit 100% from 1Q/2019