Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2019 which has been unaudited but reviewed by the auditor this is caused by followings

Baht 188 million as compared to the same period last year which is generally caused by the following:  Cost of hotel operations decreased by Baht 9 million which is in line with the lower hotel revenue

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended June 30, 2019 which has been unaudited but reviewed by the auditor this is caused by followings

addition, the Company had higher current liabilities of Baht 7.82 million which mainly caused by deposit of mold for new model. Whereas long-term loans reduced by Baht 43.37 million. As of 31 March 2018 the

Company Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended September 30, 2018 which has been unaudited but reviewed by the auditor this is caused by

wood kiln dried sawn timber which is the main business of the company. The business was impacted by volatility caused since 2019 as a result of trade war between United States and China, where China was

Limited would like to submit the report of Management Discussion and Analysis for the 3-month period ended March 31, 2020 which has been unaudited but reviewed by the auditor this is caused by followings

weak global demand, especially exports of Epichlorohydrin decreased caused by lockdown restrictions in several countries. Analysis of Cost and Expenses 1. In Q2 2020, Cost of sales was 2,898 MTHB

increasing 48.52 million or 26.06%, cause by the Company had administrative expense increase of Baht 11.40 million which is mostly caused by the company closely monitor collection and accelerated disposal of

year, mainly caused by significantly lower revenues from Security Document Solution and Card Solution. Gross profit was THB 424.1 million, a decrease of THB 108.8 million or 20.4% from the last year