10.59% QoQ resulting from improving in production capability, efficiency and fuel management.  Cost to revenue from sale of industrial equipment ratio in Q1-2020 decreased by 13.56% QoQ resulting from

attempted to build up demand of B20 by announcing the variety of measurements. While in 1Q2018, the government asked collaboration from fuel traders M.7 to keep more inventory of methyl ester to absorb

additional ME sale volume that government asking fuel traders M.7 for collaboration to stock more of ME inventory. Therefore, the company reported EBITDA of THB 106 million declined by 35% qoq. In addition

service expenses of Baht 0.72 million, increase in product packaging expenses of Baht 0.57 million, increase in fuel expenses of Baht 0.37 million, increase in processing expenses for export products of

Discussion and Analysis 1. Significant events in the first Quarter of 2020 1.1. The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju Energy Services Co.,Ltd. (Paju

million liters and has registered as an oil trader under Section 7 of the Fuel Trade Act B.E. 2543 since the 9th September 2020. However, the Company aware of the price fluctuation risks, has set the policy

and has registered as an oil trader under Section 7 of the Fuel Trade Act B.E. 2543 since the September 9, 2020. However, the Company aware of the price fluctuation risks, has set the policy determined

reached new time high because the global price is higher than domestic. Overall, diesel fuel consumption in 2021 has fluctuated significantly. At the beginning of the year, consumption was similar to the

ทุนและนกัวิเครำะห ์และ (3) รำงวัล Best Initiative ประเภท Innovation: Energy storage system solution ณ วนัท่ี 11 ธันวำคม 2562ทำงบริษทัฯ เข้ำรับรำงวัลกำรเปิดเผยข้อมูลควำมยั่งยืน ประเภทรำงวัล

004-62-T- คำอธิบายของฝ่ายจัดการ ผลปี 61 MATCHING MAXIMIZE SOLUTION PUBLIC COMPANY LIMITED 305/12 Soi Sukhothai 6, Sukhothai rd., Dusit, Bangkok 10300 Tel : 0-2669-4200-9 Fax : 0-2243-1494, 0-2243