Company. Online channel in overseas market, meanwhile, was still going strong. Table 1 : Sales Revenue by Product Line for the Three Months ended Jun 30, 2020 and Sep 30, 2020 (3M QoQ) Sales by geography

sale of goods 179.08 170.35 8.73 5.12 Revenue from project works and services 70.44 75.71 (5.27) (6.96) Total Revenue from Sale and Services 249.52 246.06 3.46 1.41 Cost of sales of goods 127.52 115.75

THB 0.76 million. Consideration of 6 product categories, the main increase came from 2 product categories: Trading Goods category increased by THB 12.41 million, Dry category increased by 10.40 million

Thai Financial Reporting Standard 15 (TFRS 15) regarding revenue from contracts with customers for the first time which is effective since 1 January 2019. Table 1 : Sales Revenue by Product Line for the

the underlying goods of derivatives (if any) before sending trading orders; (2) having a system for repaying obligations under derivatives and delivering the underlying goods of derivatives (if any) by

: (1) having a system capable of supporting trading volumes adequately and checking the ability of the service user’s to repay obligations under derivatives and deliver the underlying goods of

income 25.33 31.38 -6.05 -19.3% Total revenue 3,319.23 3,407.57 -88.34 -2.6% Cost of goods sold & service 2,882.47 2,893.97 -11.50 -0.4% Selling & distribution expenses 67.77 66.05 1.72 2.6% Administrative

income 31.38 26.23 5.15 19.6% Total revenue 3,407.57 3,226.05 181.52 5.6% Cost of goods sold & service 2,893.97 2,773.60 120.37 4.3% Selling expenses 66.05 67.99 -1.94 -2.9% Administrative expenses 106.14

144 156 14% 8% 173 300 73% Others (excluding depreciation and amortization) 266 238 243 (9%) 2% 376 481 28% Total cost of sales of goods and rendering of services 3,555 3,145 2,552 (28%) (19%) 4,662

Discussion & Analysis (MD&A) Q4/2017 and FY2017 3 • Q4/2017 and FY2017 market environment Thailand’s Gross Domestic Product (GDP) has grew by 3.9% in 2017 which exceeds the 2016 by 0.7%, after recovering in