Thai economy and automotive industry in Thailand that was resulted from the impacts of the COVID-19 outbreak. Also, several car factories temporarily shut down causing the decrease in the volume of

company to temporarily shut down following the lock down regulation in India between March and August 2020. Consequently, numerous of our main customers had also requested for a slowdown in production and

depreciation of the shut- down subsidiary and reclassification of PEA’s operating fee. Net Profit (Loss) Net loss in 2019 was THB 822.37 million, rose 59.99% from THB 598.03 million. Net loss attributed to

shut down for maintenance and catalyst changing of fatty alcohols plant. As mentioned above, the company posted net loss excluding extraordinary items of THB 16 million in FY2019, decreased by THB 503

volume; a. Raw Water sales volume decreased by 8.7% YoY mainly due to the planned maintenance shut down of a petrochemical customers and the lower electricity dispatch to EGAT of Glow IPP b. Industrial

natural fatty alcohols declined. In the meantime, supply from both natural fatty alcohols and synthetic fatty alcohols were impacted by temporarily shut down of some Chinese producers because their

account receivable of THB 397 million as a result of FA plant shut down for semiannual planned maintenance and Chinese New Year; a decreasing of inventory of THB 335 million from lower inventory volume and

31.16 million Baht or 82.54%. The decreased revenue was due to the Company had no service in 2nd – 4th quarter of 2019 because the Company has shut down the machine that operate for refining service for

Limited Management’s Discussion and Analysis (MD&A) for year 2018 any improving of the consumption of steel in this quarter. In addition, the Company has move the annual shut down early to February due to

shut down early to February due to the slowdown of the market. Hence, there Q1/19 production will be low comparing to other quarter. Executive Summary The company's operating results in the year 2018 has