assets and sell those that are no longer useful. In doing so expenses will be reduced and cash will be generated to invest in new M&A targets.  Further manage down its OPEX to minimize spending

service Income for 9-month end of 2019 equal to 389.7 million Baht or decrease 36.9 million Baht or 8.6percent from the same period last year. The company reduced the rental space in the branches that had

has better control of the production cost especially in the automotive parts, milk and yogurt packaging segments. As a result, the production process became more efficient and losses were reduced. But

fiscal period Company and subsidiaries had profit (loss) in the first quarter of 2019 at (Baht 23.21 million), because of loss of operating and reduced sales increase on selling expenses administrative

the first six months of 2019 at (Baht 53.94 million), because of loss of operating and reduced sales increase on selling expenses administrative expenses financial expenses and doubtful account Baht

at (Baht 53.94 million), because of loss of operating and reduced sales increase on selling expenses administrative expenses financial expenses and doubtful account Baht 0.86 million. Statement of

. Excluding the extra cost of THB 16 million, financial cost of Company reduced by 2.5% from last year. Page 3 of 3 T.K.S. TECHNOLOGIES Unit : THB million Change Y2019 Y2018 (%) As Reported Net profit 410 303

the cost of services could not be reduced promptly. Selling Expenses, Administrative Expenses and Other Expenses The Group has selling expenses, administrative expenses and other expenses for this

primarily due to: • Revenue from sales and cost of goods sold The total sales volumes reduced from last year quarter by 4% and average HRC selling price reduced from last year quarter by 17% mainly due to the

majority of short-term loan. As a result, the financing cost was reduced. As 31 March 2020, the Company debt to equity ratio (D/E) equal to 1.08 times. Page 3 Net Profit The Company net profit for the 3