Average Selling Price (Bht/Ton) 15,865 19,160 Unit : million Baht 30-Mar-20 31-Dec-19 Total Assets 26,057 26,400 Total Liabilities 10,163 9,219 Total Equity 6,157 7,014 Minority 9,737 10,168 Gr ou p HR C Gr

237.05 Million Baht. The overall operating results for the three-months period of year 2019 compare to the same period of year 2016 is shown in table 1 below. Table 1 provides an overview of performance

of the estimated useful lives of assets in separated financial statements are as below; Separated Financial Statements Type of Assets Estimated useful lives of assets (year) From 2011 until 2019 From

and Equity of the Company. - Sale of Assets under construction to Free Zone in order to alleviate payment of import duty, VAT, Customs Duty & Penalty. This resulted in Loss from sale of fixed assets

approved the audited financial statements and the operating results of the Company and its subsidiaries for the year ending 31 December 2019 with the results summarized as follows: Overview of the Company's

its investment in biomass powerplants to account for non-current assets held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s

and maintenance than projected, UWC considered to divest it’s investment in biomass powerplants resulting in reclassification of its investment in biomass power plants to account for non-current assets

Table 3 : Overview statement of financial position Items Amount (Million baht) Increased (decreased) As of March 31,2019 As of December 31,2018 Million baht Percent 1 Total Assets 3,347.42 3,076.35 271.07

provide Management Discussion and Analysis for the year ended 2019 as follows: Overview of the operating result for 2019 The company’s total revenue for year ended 2019 was THB 196.60 million, increased by

Yai, Chachoengsao, Rayong and Diana Branch. Industry Overview Thailand’s overall economy grew slower than expected in 1Q19 due to domestic and global factors. The biggest impact is from the global