decrease of Baht 110 million or 13.52% from the previous year-end. The major liabilities were short-term loans from financial institutions and trade accounts payable. The ending 2018 balance of short-term

were short-term loans from financial institutions and trade accounts payable. The ending 2019 balance of short-term loan was Baht 521 million versus 621 million as of Q2/2020 or equivalent to 19.27

accounts payable. The ending 2018 balance of short-term loan was Baht 606 million versus 562 million as of Q3/2019 or equivalent to 7.40% decreased resulting from the lower value in inventory. The trade

of MACO ( vs one-month consolidation in 1Q 2016/17). In the same period, MACO also benefitted from the consolidation of Multi Sign Company Limited (“Multi-Sign”), which was acquired in October 2016

% primarily due to sales growth outpacing cost growth and improved operational efficiencies. Consequently, gross profit was up 38.2% YoY from THB 496mn to THB 685mn. Gross profit margin considerably increased

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Liabilities Non-current liabilities Trade accounts and notes payable 58,641,555.19 99,225,939.93 77,839,679.33 Income tax payable 0.00 362,461.43 1,912,461.58 Other current Liabilities 5,656,429.40 0.00 0.00

major liabilities were short-term loans from financial institutions and trade accounts payable. The ending 2016 balance of short-term loan was Baht 662 million versus 708 million as of Q2/2017 or

liabilities were short-term loans from financial institutions and trade accounts payable. The ending 2018 balance of short-term loan was Baht 606 million versus 556 million as of Q1/2019 or equivalent to 8.36

from the previous year-end. The major liabilities were short-term loans from financial institutions and trade accounts payable. The ending 2018 balance of short-term loan was Baht 606 million versus 591