Fong Rubber (China) Co., Ltd. “HFC” and Hwa Fong Rubber (Suzhou) Co.,Ltd. “ HFZ “ .The seller will supply the machinery. And equipment used in the production process, production methods In order to

investment in machinery to improve production efficiency and reduce production cost, in order to prepare for an increased level of production in the future.  Q3/2017 net profit rebounded remarkably by 27% QoQ

net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

Value (transaction amount) and near market value Payment term By cash with 90 days of credit term The reason In order to support production line’s research and development, CCTP has purchased the analysis

Philippines still do not have enough order to optimize production, the company had continuously reduce working time and production hours to reduce costs respective too the decline in production. In the Tooling

high proportion of fixed cost so they have a great impact on the net profit for the whole group. However, since the company in the Philippines still do not have enough order to optimize production, the

30, 2020, total liabilities were increased by THB 159.83 Million or 47.52% compared with December 31, 2019 mainly came from increasing in trade payable due to increase of production order and

delivery and production order. As a result, the cost of sales per unit increased together with the subsidiaries could not utilize full capacity. (4) Dividend income The Company received dividend from Millcon

the supply and demand of both domestic and foreign. The global and Thai economy are slowdown. The consumers have low purchasing power. Many automotive infrastructures stop their production, which leads

pressuring net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to