higher occupancy rate. - Revenue from Overseas Hotels was up by 5.3% yoy despite an adverse impact on the translated financial statements from foreign currency exchange due to Thai Baht appreciate against

loss rate increased from the year 2018 due to the decrease of the total revenue of the company while having higher administrative expenses as mentioned above. Financial Statement for the ended of 30

for exchange rate by forward contract. Please be informed accordingly, Yours Sincerely, (Miss Valarlak Ngamchitcharoen) Managing Director

managing cash to invest in both short-term and long-term investments. And gain from exchange rate. • Selling expenses for the year 2019, is at 21.2% of revenue from sales while in 2018 is at 21.3%, increased

rate relative to sales in China during the period between November-December. The Company has a gross margin for the year 2019 in total of 1,480.3 million Baht or equal to 28.1 percent of the sales

transaction also shows that the company has ability to faster the collectable payment periods from customer and faster turnover rate of inventory. 1.2 Non-current asset as of December 31, 2019 with amount of

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code

February 2020 Subject: Clarification of the operating results for the year ended 31 December 2019, change of rate more than 20 percent To: Director and Manager The Stock Exchange of Thailand Ocean Commerce

with the temporary maintenance closure of some oil refineries in the last quarter of the year. Nevertheless, the current account remained in surplus with the value of imports contracted at a greater rate

7.8% yoy while by 1.5% yoy for the FY2019. The decrease was due to high competition from the new hotels of other players in Philippines and Maldives and negative impact from exchange rate compared to US