amount as of December 31, 2019 by Baht 39.94 million, or an decrease of 2.61 percent, resulting from debt management of the Company and its subsidiaries. Shareholder’s Equity As of March 31, 2020

cost was as a result of allowance for doubtful debt of THB 5.495 million because of the introduction of accounting standard TFRS 9 at to company at beginning of this year. As of 31 March ,2020 the

13.25 million. The Company has already set an allowance for loss of such bad debt. However, the Company has adopted the Thai Financial Reporting Standard - Group of Financial Instruments (TFRS 9) which

and total liabilities stood at THB 6,714.9mn. • Debt to Equity ratio2 equals 1.00 times as of 31 March 2020, decreased from 1.04 times as at end of 2019. Operating result 1Q/2020 Revenue Source of

31, 2019 because of the borrowing from financial institutions. The debt to equity ratio stood at 0.19 time and the current ratio was at 2.88 times. - The shareholders’ equity amounted to 1,427.88

cooling industry systems from cost-effective management. Other Income Other income is income from other business operations of the Company such as interest income and bad debt, etc. In the second quarter of

household income were decreased, together with household debt that remained stay in high level, therefore it caused the decrease of household sector’s purchasing power continually. While the investment of

the settlement of debt all year. - Total Shareholders’ Equity at June 30, 2020 was 255.20 million baht which was increased by 30.38 million baht compare to December 31, 2019 which was 224.82 million

materials. In terms of the company's financial ratio analysis, The company's liquidity ratio has been reduced to 0.25 times. -13.30% debt-to-equity ratio decreased to 0.53 times. The liquidity ratio is 0.59

stimulate expenditure, including: Let’s Travel Together; credit limits increase; debt moratorium and measures for social-welfare card holders etc. Although these measures have now been implemented, consumer