from sales and services decreased Baht 321.01 million or 53.91% from the corresponding period of the previous year, mostly from revenue from Trading in Energy & Petroleum which decreased Baht 310.21

believes that the reduce cost to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht 31 December 2018 31 December 2017 Increase (decrease) % Variance Current

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

an existing plant. Source of Financial Capital As the group as no interest bearing debt and operating working capital is positive the groups funding is from the shareholders equity. Major Factors which

inventories to net realisable value is adequate in the current circumstances. Source of fund Unit: Million Baht 31 December 2019 31 December 2018 Increase (decrease) % Variance Current liabilities 4,920 5,903

from real estate sales, which was the main source of income for 2019. In this regard, the analysis of the operating results of the Company could be explained as follows: Rental and Service Income and

1,500,000 100.0000 Total return value : To invest in ordinary shares to establish company is in value of 999,970.00 Baht : To invest in newly-issued ordinary shares is in value of 14,000,000.00 Baht 5. Source

deduct at source related to Mixed Use Project. Description Q2/2017 Q2/2016 Gross margin 28.43% 27.41% EBITDA margin 16.23% 21.31% Net profit margin 1.22% 3.97% Return on equity 2.53% 3.96% Return on asset

the expanding to more foreign customers which will generate the recurring income and value-added to the Company in long run 8) Funding Source for The Transaction The Company will use the Company’s

increased dynamism in exports of goods and services (source: IMF, October 2017). Steel output so far in 2017 is up 11% in Thailand and we expect this trend to continue. Also, sugar cane harvest is expected to