use as working capital. These loans comprising with factoring loans and promissory notes that the Group has credit facilities from two commercial banks. Increasing of Baht 36.13 million, compared with

unused machineries sold. The significant other income is income from scrap sales which are the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers

1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

5.17 Million, or 0.52% compared 2018. Changing of total liabilities consist of: o The Group has short-term loan to be used as working capital during the period increased by Baht 179.78 Million. o Trade

favourable operating results by achieving gross profit margin since Q1- 2020. 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 PERFORMANCE OVERVIEW 2020 2019 % 2019 2019 % 211.21 267.12 -20.93% 445.85 613.01

total liabilities consist of: o The Group has short-term loan to be used as working capital during the period increased by Baht 82.55 Million. o Trade and other payables total of Baht 263.14 Million

meeting No. 9/2561 had a resolution on the interim dividend payment, based on the operating results of six months end at 30 June 2018, at Baht 0.20 per share. The record date which shareholders had the

of Shareholders No. 1/2017 in the case of any issue concerning the preparation of documentation and information which results in a delay in the delivery of documentation and information to the

of Shareholders No. 1/2017 in the case of any issue concerning the preparation of documentation and information which results in a delay in the delivery of documentation and information to the

scrap sales which are the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap