MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 MARCH 2018 SG&A expense against only 1.5mTHB consolidated EBITDA contribution, since the acquisition was completed only at the very end of the quarter

on the exchange rate of 1 USD = Baht 30.980 as at 26th July 2019, and this rate will be used as reference only and will be used throughout this document 4 The combined production capacity of the

machine market combined with the purchasing power of consumers in middle-low income levels decline from the economic slowdown. Therefore, the spending of the customers is limited and the total value of the

chain disruptions as economic activities in China were put on hold. The disruption of activities in industries affected by the Covid-19 outbreak, combined with the curfew’s curtailing of business

combined not more than 80,000,000.00 THB. Accounted for 2.89% (Net Tangible Asset: NTA) as of June 30th, 2019. The total value of the transaction is considered as a connected transaction with a value

". When combined not more than 80,000,000.00 THB. Accounted for 2.89% (Net Tangible Asset: NTA) as of June 30th, 2019. The total value of the transaction is considered as a connected transaction with a

share, totaling 150 million baht. When combined with the shares held through "HECH", the Company will hold the total shares. The total of 923,252 shares representing 40.01% - Change as The Company will

" and Hwa Fong Rubber (Suzhou) Co.,Ltd. “ HFZ “ . When combined not more than 80,000,000.00 THB. Accounted for 2.89% (Net Tangible Asset: NTA) as of June 30th, 2019. The total value of the transaction is

the indefinite postponement of the meeting to the shareholders. The additional interim dividend payment of 0.04 baht per share, combined with the interim dividend payment approved by the Board of

combined total of 10 percent or more of the total votes of shareholders attending and eligible to vote.   The SEC recommends that HYDRO shareholders carefully study the information and exercise their