purchasing power that are declining, in turns the company had to launched many promotions to drive sales resulting in the decrease of average selling price. 3. Selling expenses Selling expenses in 1H19

% Management Discussion and Analysis of quarter 1 /2020 3 | p a g e Total Assets As of 30 June, 2020 the Company had total assets of Baht 7,356 million, declining from 31 March, 2020 by Baht 25 million or -0.3

with revenue from sales and services of THB 937.9 million, declining THB 308.4 million or 24.7% from the same year of the previous year. Furthermore, gross profit margin declined from 22.1% in the

caused by the declining service revenues and the higher costs of service provision. The SEC’s further investigation revealed that during 8 October 2019 - 4 November 2019, Penprapa – wife of an SQ executive

เขตจตุจกัร กรุงเทพฯ 10900โทร 0-2937-3312 โทรสาร 0-2937-3328 In the 1st quarter of 2018 the Company and subsidiaries had a total income of 241.65 million Baht, decreasing by 15.54million Baht, or 6 per

represents decreasing of profit 50 Million Baht (391%) from 2017’s profit of 13 million Baht . The main causes for the lower net profit is because the economy was still in the process of recovering in 2017 and

the year ended December 31, 2018 The Company reported net loss for the year 2018 of Baht 195.83 million, comparing with the same period last year which had net profit of Baht 9.87 million, decreasing by

net profit(loss) incurred compared to the total revenue for the fiscal year 2018 and 2019 accounted for 8.0% and (0.9%), respectively. The decreasing in net profit were stemmed from cost of medical

million baht. Because of decreasing of Trade receivables and Inventories. - Total liabilities at June 30, 2017 was 634.94 million baht compared to December 31, 2016 which was 705.83 million baht because of

Baht 222.92M in Q2’2016 to Baht 153.39M in Q2’2017 at 31.19% due to factory headcount was decreasing from last year and high competitive so there is a price cut from customers. - In Q2’17, the Company