recorded at THB 2,181 million, decreased by 34% YoY, mainly attributed to the refinery business’s Total GRM of 3.49 $/BBL, compared to Q1/2018’s 6.37 $/BBL. The decline was brought about by most of the

performance recovery by strict cost control and cost reduction management, ramping up asset utilization to manage fixed costs, stop additional investments, and most importantly focus on cash management to

manage fixed costs, stop additional investments, and most importantly focus on cash management to enhance liquidity. The planned measures aim for utilizing the Company’s investment in the past 3 years to

to the Company’s shareholders. 9. Opinion of the Board of Directors Regarding the Transaction The Board of Directors has considered and viewed that the transaction is reasonable and most beneficial to

with truth in all respect. It is created with prudence and caution concerning to the benefits of shareholder at most. This Information Memorandum is created on the purpose of information distribution

sales continuously. As well as according to the plans of most suppliers, there will be new product launched such as Samsung, Huawei, and iPhone, which it is expected to receive good feedback from

of 3.04 million Baht, which increased by 2.10 million Baht from 0.94 million Baht in previous year, respectively. Due to most of the sales in the 2nd quarter of 2019 were delivered to customer’s site

will focus on distributing it products through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors

future. Business wise H1 2019 was challenging particularly in the most recent quarter. Business sentiment in multiple industrial segments important to us has been impacted by the macro economy and the

freight and custom charge. As of the 1st quarter of 2018 was THB 1.81 million, which decreased by THB 0.23 million or 11.27% from THB 2.04 million in the 1st quarter of 2017. Due to most of the sales were