business unit. The company also extends the distribution channel on retail business. The business alliance is Dynasty ceramic public company limited who has widely 200 branches over the country. Please be

& legal issues • Token functions, structure, and sale / distribution mechanism • Secondary markets that the tokens will be listed or relevant plans • Contact information for investors

Yearly Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working capital

0.17 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working

total revenue, respectively. Profit for the period decreased by Baht 1. 9 million or 49. 2% and distribution expenses and administrative expenses decreased by Baht 1. 1 million or 5. 6% when compared to

14.1% 4.0 2.4% -18.0 -81.9% Profit Before Expenses 45.2 28.9% 60.9 36.9% 15.6 34.6% Selling and distribution expenses 14.5 9.3% 14.7 8.9% 0.2 1.2% Administrative Expenses 13.5 8.7% 12.4 7.5% -1.1 -8.2

0.28 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working

from water treatment and distribution decreased from the quarter 02/2019 by Baht 4.57 million. The major decreasing came from the sales of water to Patong Municipality, Phuket Province. This is affected

39.2% Gross profit 12.5 57.5 45.0 360.0% 33.7 169.0 135.2 400.9% Other income 10.0 1.9 -8.1 -81.0% 32.0 5.9 -26.1 -81.5% Selling and distribution expenses 14.3 10.3 -4.0 -28.0% 28.8 25.0 -3.8 -13.2

0.46 Interim Management Discussion and Analysis Analysis of Overall Performance The distribution business of the plastic resins, plastic, and petrochemical related products needs relatively high working