(Translation) Page 1 of 2 No. CBG 053/2017 14 November 2017 Re: Board resolution and change of overseas subsidiaries’ capital structure To Managing Director Stock Exchange of Thailand Reference is
million baht, down by 5.50 million baht or 0.30% because the account receivables increased in line with the rise in revenue. Most receivables were undue receivables. The value of net property plant and
31.54 million from 2017. The selling expenses such as shipping fees also dropped in the same line with the decreased in sales in the period. However, during the year, the Company has financial advisory
diminished by the increment of distribution costs and administrative expenses, plus foreign currency differences on dissolution of its subsidiaries as mentioned above. At the bottom line, the Company and its
increase in selling expenses amounting to Baht 5.07 million which is in line with the increase in sales revenue. However, the percentage of selling and administrative expense and revenue in 2019 has declined
(3,251) (31) Total cost of sales in 2019 decreased from the same period of 2018 by Baht 3,251 million or 31%, which was in line with the revenue in each business segment as shown in the above table of the
shareholders' equity 1,618.67 1,526.38 1,541.05 6% 5% % Change Page 4 of 4 has increased which was in line with revenue increase. Additionally, other asset mostly defer tax increased by THB 27 million stemming
receivable has increased in line with revenue increase. Liabilities as of 31 December 2017 substantially decreased mainly from the repayment of debt owed to financial institutions. The repayment was from IPO
linked to tourism and the export sector. In contrast, consumer spending in some provinces linked to the agricultural sector continued to decelerate in line with lower farm income due to the low price of