Ratios 19 P a g e | 3 - Management Discussion and Analysis 2Q2020 - Executive Summary In 2Q2020, crude palm oil (CPO) price was higher than 2Q2019 caused by the implementation of biodiesel B10 as the

is not able to increase the selling price in the current economic conditions. The company has a higher gross margin comparing to the same period from 10 .4 % to 15 .5 % because the lower cost of the

. Ended May 31, 2017, audited by auditors. The details are as follows 1. The Company's total revenue is Baht 1,145. 18 million, a decrease of Baht 80 . 8 2 million or 6. 59% from the same period of last

) Changes % Revenues : Revenues from sales and services 1,530.27 987.27 543.00 55.00 Gain on purchase price lower than fair value - 130.98 -130.98 N/A Gain from disposal of investment 543.01 - 543.01 100.00

services decreased by 526.63 million baht or 43.66% from the same period last year, mainly due to the reduction of raw material costs following the significant drop of oil price. 3. Selling and

revenues amounted to Baht 274 .53 million in the first nine months of 2019, growing by Baht 50 .4 4 million or 22.51% from Baht 224.09 million recorded in the same period of the prior year. Such revenue

Company’s net profit decreased by 67.76% or equal to Baht 13.91 million as compared to the same quarter of 2018 which was recorded at Baht 43.14 million. For 1H19, the Company recorded the net profit of Baht

months of 2018, the Company sold a property in USA at selling price of 4,544.13 million baht and recorded the profit before tax in an amount of 1,332.51 million baht while the same period last year the 60

million or 44. 7% when compared to the same period last year. In addition, the attendees increased by 10% and cash flow from the event reached Baht 2,000 million. Most attendees were interested in IT

million or 10,959.74% from the same period of last year, During the last quarter, the Company Revenue from sales of land of Bangpoo Industrial Estate (North) Baht amounts to 423 .27 million, From the