that the proceeds shall be used to support major expenses relating to sponsorships, marketing and operations to be incurred by ICUK; and (b) Primary shares made pursuant to the conversion of loans that

or approximately THB 846.7 million so that the proceeds shall be used to support major expenses relating to sponsorships, marketing and operations to be incurred by ICUK; and (b) Primary shares made

4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018

“we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the years ended December 31, 2019 as follows

Management Discussion and Analysis for Interim Business Operations Investment in Subsidiaries In the 3rd quarter of 2018, Hydrotek Public Co., Ltd. has additionally invested in the following

(Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for Quarter 1’ 2020 with the summary as follows: - 1. Nature of operations of the Group The Group has principally

143.22 6.09% 136.25 9.36% 6.97 5.12% Other income 2.61 0.11% 0.93 0.06% 1.68 180.65% Selling and administrative expenses 25.71 1.09% 26.79 1.84% (1.08) (4.03%) Profit from operations 120.12 5.11% 110.39

increase of THB 653 million, due to the appreciating THB, resulting of the change in foreign exchange of trade account payable and foreign currency loans. 8. Losses from impairment asset THB 1,518 million

. Results of Operations and Profitability Q3/2017 Sales Revenue The Company and its subsidiaries recorded sales revenue of Baht 1,500 million, a decrease of 15% YoY but an increase of 9% QoQ with details as

713 million and a decrease in net cash of the disposed subsidiaries. However, the company has generated cash from its operations in 2017 of Baht 4,475 million. 31 December 2017 31 December 2016 31