further to other potential countries and is in the process of conducting market feasibility studies in certain markets. Apart from that, the Company was adversely affected by the compliance with the new

adversely affected by the compliance with the new Thai Financial Reporting Standard 15 (TFRS 15) regarding revenue from contracts with customers for the first time which is effective since 1 January 2019

for overseas business expansion. Additionally, the Company continued to be adversely affected by news related to manufacturers of substandard products and the closure of the biggest wholesale skincare

from that, the Company was adversely affected by the compliance with the new Thai Financial Reporting Standard 15 (TFRS 15) regarding revenue from contracts with customers for the first time which is

operating results adversely. Unit : million Baht Q 1/2020 Q 1/2019 Group Revenues 4,820 3,398 Group Net Profit (Loss) (1,287) (803) HRC Sales (k tons) 304 177 HRC Production Volume (k tons) 321 139 HRC

2020 which the Company’s performance was adversely impacted by COVID-19 pandemic. For this year, with the easing supply of the semiconductor, significantly higher volume from our major customers, new car

Baht appreciating against the US Dollar affecting the value of the company’s inventory, resulted in this quarter’s Inventory Loss of THB 1,163 million, negatively affecting the refinery’s business

payment shall depend on cash flow, investment plan including any other future obligations of the Company and/or subsidiaries. Such dividend shall not adversely affect the Company and subsidiaries ongoing

was thus reduced to 29% in 2019 as compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive pricing which impacted the EBITDA adversely

including any other future obligations of the Company and/or subsidiaries. Such dividend shall not adversely affect the Company and subsidiaries ongoing operations. Disclaimer Some statements made in this