all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. Management’s Discussion

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

Construction, Modification or Relocation ( Or. 6) and a Factory License ( RorNgor. 4) as required for the business operations; (2) As of the date of the transfer of the entire business, there shall be no event

Transaction by the Subsidiary is subject to the significant conditions precedent as follows: (1) PCCA shall have duly obtained a Certificate of Building Construction, Modification or Relocation ( Or. 6) and a

% Other income 7.46 9.58 -2.12 -22.1% 20.29 23.59 -3.3 -14.0% Total revenue 799.05 803.25 -4.20 -0.5% 2,510.04 2,555.17 -45.13 -1.8% Cost of goods sold & service 692.70 674.63 18.07 2.7% 2,177.71 2,178.15

also, able to save the energy and reduce the maintenance cost. 4. Total Value of the Transaction Total value of air-conditioning and installation fee 5,900,000 baht, representing 0. 1182 % of the net

increase in revenue. However, the gross profit margin has dropped from the previous year mainly due to the increase in cost from the Company, which started fully realizing the depreciation from the new

primarily due to: • Revenue from sales and cost of goods sold The total sales volumes and total production volumes were lower than last year mainly due to the termination of tolling agreement with G Steel

in brokerage fee, fee and service income and other revenue on lower market trading volume and fluctuated market condition, Krungthai ZMICO was able to strategically control cost and improve operational