in orders in the first half year, which is expected to recover in Q3/2018. Towards the end of the year 2016, the Company invested in a new factory building in response to the increasing demands from

of recovery in Q3/2018 after the sluggish economy in the first half-year resulting in the drop in orders in Q1-2/2018. Towards the end of the year 2016, the Company invested in a new factory building

of the Coronavirus Disease 2019 (“COVID-19”) at present, the epidemic continues to heavy spread among the countries of customers. As a result, the Company's main customers postpone orders and

compared to the same period of last year including 1Q20. This is because the customers’ purchase orders had increased, and as a result, the overall utilization rate was higher, and consequently the

. Lockdowns were enforced in many countries and some subsidiaries had to shut down its operation temporarily in Q2/2020. Customers’ orders also decreased, and shipments were postponed. However, the

spread in Thailand and The government has enacted the Emergency Decree on Public Administration in Emergency Situation (Emergency Decree) and orders to close the places where there is a high risk of

the contract, Hwa Fong Rubber Industry Co., Ltd. will provide customers who are overseas customers because the parent company has a good database and relationship with customers and orders for products

profit margin decreased from 39.18% in 3Q18 to 36.25% in 3Q19. This is because the customers’ purchase orders had declined, and as a result, the overall utilization rate was lowered, and consequently the

clearing house in the case where the regulations applied for approval may affect the business operation or the interest of such persons. Clause 4. All orders and circulars issued under or prescribing

responsible for proceeding according to such procedures in each situation. Clause 7 The notifications of the SEC Office, orders and circulars that are issued or set out guidelines pursuant to the Notifications