] [2Q17 VS. 2Q16] Sales Revenue 3,663.5 3,536.4 + 3.6 % 3,578.6 + 2.4 % Cost of Sales 2,528.2 2,452.5 2,308.6 Gross margin, (percentage) 30.99% 30.65% 35.49% Selling & Administration 484.6 443.5 454.4 Net

. 2Q17] [3Q17 VS. 3Q16] Sales Revenue 3,602.0 3,663.5 - 1.7 % 3,515.2 + 2.5 % Cost of Sales 2,519.0 2,528.2 2,251.0 Gross margin, (percentage) 30.07% 30.99% 35.96% Selling & Administration 485.1 484.6

action process to decrease the proportion shareholding in beauty business to reduce the negative impact to the Company. The Company; therefore, has a plan to acquire land and buildings to do the new

its investment in biomass powerplants to account for non-current assets held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s

held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS

of the year 2019, the administration expenses was 12.34 million baht or 13.33% from revenue compare to 14.56 million baht or 15.62% last year, Reduced by 2.22 million baht or 15.25% decreased. This

expenses In Q2/2018, the administration expenses was Baht 14.56 million compare with the same period of previous year amount to Baht 12.88 million, increase by Baht 1.67 million or increase 12.99% . Part of

company has tried to expand its market and increase sale of flexible packaging and cost of goods transportation increased. 4. Administrative expenses In Q3/2018, the administration expenses was Baht 13.31

For Quarter3 of the year 2019, the administration expenses was 15.75 million baht or 15.15% from revenue compare to 13.31 million baht or 12.15% last year, increased by 2.44 million baht or 18.33

Mr. Surasak Ritthongpitak holds a Bachelor of Business (Finance) (2nd Class Honors) from University of Wollongong, Australia, and a Master of Business Administration (Management) from Saginaw State