decrease loss of 83%. The Company would like to clarify a significance change of Group’s operation results were summarized as follows 1. Revenue from sales of goods and rendering of services for the nine

66.55 Gain on sales of investment in subsidiary 174,875 - 174,875 100.00 Reversal (loss) of doubtful account 10,364 14,239 (3,875) (27.21) Interest income 804 4,702 (3,898) (82.90) Other Income 5,048

May 12, 2020 Re : Management Discussion and Analysis for Q1/2020 To : Director and Manager of the Stock Exchange of Thailand Revenue from sales and rendering of services L&E’s consolidated revenue

236.2 million. Whilst revenue from rental and rendering of services increased 14.7% from THB 29.3 million to THB 33.6 million due to new tenants at Bangna Warehouse. Gross profit margin from both sales of

the sales and services from Q2/2019 was 90.29% decreased to 82.95% on Q2/2020 or decreased 7.34% from sales due to at Q2/2019 recorded the effect of the change severance pay by recognizing past services

quarter of 2020, the Company recorded sales income in the amount of 7,230.22 million baht while the same period last year the Company recorded sales income in the amount of 6,539.03 million baht, increased

Liabilities 808 698 829 Total Liabilities 817 707 841 Shareholder’s Equity 451 478 477 OPERATING RESULT (MILLION BAHT) Sales Revenue 3,660 3,610 2,570 Gross Profit 263 274 213 Operating Profit 124 154 119

raw materials and electronics, electricity supply industry not growth due to economic slowdown. - Cost of the sales and services of 2018 was 88.84% decreased to 88.13% at 2019 or decreased 0.71% from

Consolidated Financial Statement (Unit: Million Baht) 2020 2019 YOY Million Baht % Sales and Services 366.78 1,329.58 (962.80) (72.41%) Gross Profit 87.30 131.58 (44.28) (33.65%) Other Income 87.83 18.63 69.20

sales and services was ฿ 111.47 million, ฿ 22.40 million decreasing or 16.73%. The company's revenue from sales and services decreased as well as cost of production and services. According to the gross