terms stipulated in the Shareholders’ Agreement, with the purchase price of not lower than USD 24.65 million plus actual marginal costs (interest cost from the date of execution of the Shareholders

, factory and equipment at the price not exceeding 480 million Baht. The purchase agreement executed on 15 November 2017 and expects to complete the land transfer registration process by 28 February 2018

, and (2) the Company recorded the doubtful accounts on long-term loan to joint ventures of 910 million Baht in the same period last year. In Q2 2018, the Company had finance cost of 198 million Baht

up and improve the strategy in order to gain higher sales volume throughout the year, resulting in higher sales volume from Q2 onward. The outcome of strategy improvement and cost control made NCL

184.35% Cost of Sales 140.12 41.02% 47.20 39.29% 92.92 196.86% Gross Profit 201.47 58.98% 72.93 60.71% 128.54 176.25% Selling Expenses 87.56 25.63% 4.97 4.14% 82.59 1661.77% Administrative Expenses 53.48

increased by THB 58.6 million or 5.3% YoY to THB 1,158.6 million in Q3’18 which mostly caused by reversal of provisions related to termination of Unicharm’s distribution agreement of THB 222.7 million in

subsidiary in Thailand has already sold to all third parties since 1 May 2019) . After combining revenues of both companies together and 5 comparing with the previous year, revenue has increased and cost is

(MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 99.79% (The construction plan was 99.72%). The

Analysis of the Company’s Performance for the year ended December 31, 2019 Baht Million 2018 2019 +/(-) +/(-) % Total revenues 1,422.61 1,710.75 288.14 20.25% EBIT 354.24 412.93 58.69 16.57% Finance cost

) (13.54%) Finance Cost 7.34 9.28 (1.94) (20.91%) 24.27 29.23 (4.96) (16.96%) EBT 64.28 3.20 61.08 1,907.28% 166.91 104.68 62.23 59.45% Tax 1.56 (0.62) 2.18 (351.08%) (4.78) (20.90) 16.12 77.14% Net Profit