Purchaser also agreed to adjust the Enterprise Value by the amount of cash, interest-bearing liabilities and actual net working capital of the Targets as at the Completion Date under the terms and method
has set although the company went through the situation of COVID-19. The company is also considered to be able to adjust the work process to be able to operate in accordance with the goals set. Cost of
materially cut down sales expenses from the previous year in alignment with the drop in sales revenue. Nevertheless, some of the sales expenses took time to adjust and did not fully reflect the slowdown in
adjust its operation to accommodate such measures. The Company has assessed and prepared for the impacts of the measures by liquidating the inventory, regularly organizing marketing activities and planning
of 16.4% year-on-year, from Baht 260 million (after adjust exchange rate gain of Baht 45 million) to Baht 302 million. This improvement is largely attributable to increased earnings from operations
Company Limited had income for the 9 months period decreased from the previous 0.59 %, but the gross profit increased from the previous year 6.85 %. due to the company tried to control costs and adjust
Company has recorded the provisions amount of Baht 16.48 million to adjust out of the accounts in full 4.3.3 Impairment loss of non-current assets for sale amount Baht 90.73 million , the Company has
company had adjust the organization to be more compact and more cost saving. 6. Financial cost For Quarter 1 of the year 2020, the financial cost was 0.21 million baht compare to 0.44 million bath last year
therefore it is appropriate to adjust impairment items of the said assets in this quarter to be in line with trading prices set in purchase agreement EXPENSES % per % per % per % per Revenue Revenue % Revenue
accordingly. Yours Sincerely, East Coast Furnitect Public Company Limited (Mr. Arak Suksawad) Managing Director 1 (F 53-4) Capital Increase Report Form East Coast Furnitech Public Company Limited 29 March 2019