relationships between the parties Land and Buildings Sale and Purchase Agreement Seller The Company Purchaser NML, which is not a connected person of the Company pursuant to the Notification of the Capital Market

parties Land and Buildings Sale and Purchase Agreement Seller The Company Purchaser Weng Holding Co., Ltd, which is not a connected person of the Company pursuant to the Notification of the Capital Market

of Land and Buildings that are appraised by Prospec Appraisal Company Limited, which is a valuer approved by the SEC. The value of the consideration falls into a range between the market value and the

In order to leverage the market leading position in Thailand and expand to overseas markets, Osotspa will acquire 60% ownership in Osotspa VTA Joint Stock Company to carry out the trading business of

of an increased in raw material cost is greater than an increased in HRC market price. The company expects the lower of production and sales due to the slowdown of Tolling during Q4/18. The company

price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within their capacity of the

increased in HRC market price. The company terminated the Tolling Contract in January due to unfavorable market sentiment. From February onwards, the Company has to increase their production volume within

market price, while the quantities sold was increased by 67.46% when compared to 2019. The sales volumes were increased in relation to the increased in biodiesel sold. The Company will only sell by

the main reason that the Company has a net loss from operation since the selling price of biodiesel has decreased according to the price of crude palm oil in the market, while the price of crude palm

processed food for domestic market. GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2018 Page 4 of 13 Cost of Sales and Gross Profit Cost of sales for 2Q2018 was THB