consideration, had the opinions which were in line with those of the Board of Directors. Please be informed accordingly. Yours faithfully, (Mr.Nawat Triyapongpattana) Managing Director

expense was costs of goods sold, a decrease of Baht 57.2 million from Baht 847.0 million of Q2/2018 to be Baht 789.8 million in Q2/2019 or 6.75% decreased from last year’s which was in line with sales

selling expenses of 22.1 MB in Q2/2019 which increased from Q2/2018 by 0.5 MB or 2.3 percent (21.6 MB in Q2/2018) as result from the higher in transportation expense which was in line with sales volume

30%, which was in line with the revenue in each business segment as shown in the above table of the operating revenue breakdown by business segment. IV Expense Second quarter (Unit: Million Baht) 2019

diminution in value of inventories of Baht 6 million. However, the selling expenses - 3 - increased by Baht 3 million which is in line with the increase in sales revenue. Also, the company recorded employee

Baht 6 million. However, the selling expenses increased by Baht 3 million which is in line with the increase in sales revenue. Also, the company recorded employee benefit of Baht 4 million during the

2,102.46 27.71 (597.58) -28.08 In the second quarter of 2019, the Company's administrative expenses decreased in line with sales income. The decrease in the amount of 247.22 million baht of the

million in Q1’2018 (Baht 2,133 million in Q1’2017 and Baht 2,099 million in Q4’2017) which is in line with an increase in revenue and maintaining on EBITDA margin.  EBITDA margin maintained at 27.2% in

%, in line with the financial results of the Company and its subsidiaries in Thailand, as a subsidiary in Lao PDR gets a tax exempt. Statement of Financial Position March 31, 2018 December 31, 2017 Change

administrative expense as a percent of sales decreased slightly to 12.9% in 2Q18 compared to 13.2% in the same period in previous year. Selling expense as a percent of sales decreased slightly in line with higher