under leases from the enforcement of Financial Reporting Standard No. 16, amount 44.23 million Baht, which affects the Company's financial ratios as follows Financial ratios as of March 31st, 2020 Post

118.93% 1,640.08 108.45% 1,465.28 96.89% -20.76% Cost of good sold For the Year 2019 (Million Baht) + (-)2018 4 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Selling and Administration Expenses Selling

Administration Expenses 2019 % of Sale Restated % of Sale Original % of Sale % Cost of steel tower manufacturing 822.15 127.54% 1,138.08 110.86% 963.28 93.83% 16.68% Cost of sale of industrial equipment 6.68 80.53

Baht 89.84 million. Moreover the Company still development quality of product and service followed by client’s standard that appropriate with their business. The Company also organized the marketing

standard of the state. The group also seeks the assurance from the government agency and has already received the Amazing Thailand Safety & Healthy Administration (SHA) standard from the Tourism Authority of

service followed by client’s standard that appropriate with their business. The Company also organized the marketing activities to educate the water quality to target’s group continuously. At the same time

has updated the progress of the joint efforts with the TDO in developing the preventive measures and industry standard to eliminate and block mule accounts in the digital asset industry. These

| - |- Approval & Qualifications (Section 103, 104) |- Auditors |- Reporting Requirements |- Fees |- Related Circular Letter    IP/FG |- Appoint/Approval/Code of conducts and Standard Practices |- Reporting |- Fees

companies and the guidelines for enhancing ESG disclosure in line with international standard frameworks.

the Ethical Standard Act B.E. 2562 (2019), which has come into force since 17 April 2019. Details of the Declaration of Intent (Thai version only) are available at https://www.sec.or.th