1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

. The shareholder’s equities was decreased to 11.99% due to operation loss for year 2018 of Baht 68.15 million. - As of December 27, 2018, the Company signed a contract to establish a production line and

enter into the purchasing and procurement contract within June, 2019 to carry out the project, which shall take approximately 18 months for the installation and the production of Siding Board and Diamond

termination of a contract with high revenue in mid-2017. Notwithstanding the lost, the impact on the gross margin is not significant as this contract has low margin. Cost and Gross margin Cost of sales and

estimation of cost causing loss in such project due to various factors i.e. change of materials suppliers causing higher cost, extension of contract causing higher fixed cost as well as its underestimate cost

% for year 2020, 2021, and 2022 respectively. In the year 2022, The company has closed the forward contract as a result in lower administrative expenses. Net Profit (Loss) for the Period (Attributable to

://www.sec.or.th/EN/Documents/ActandRoyalEnactment/Act/act-trust2007-amended.pdf (Translation) ” means a contract whereby a person, called a settlor, transfers or creates real right or any right appertaining to

/ActandRoyalEnactment/Act/act-trust2007-amended.pdf (Translation) ” means a contract whereby a person, called a settlor, transfers or creates real right or any right appertaining to property to or for another person

/ActandRoyalEnactment.aspx (Translation) ” means a contract whereby a person, called a settlor, transfers or creates real right or any right appertaining to property to or for another person, called a trustee, with trust and

) Securities https://www.sec.or.th/EN/Pages/LawandRegulations/ActandRoyalEnactment.aspx (Translation) ” means a contract whereby a person, called a settlor, transfers or creates real right or any right