percentage of selling and distribution expenses to operating revenue decreased due to higher operating revenue and better cost management. 4. Selling and Distribution Expenses* Unit: THB Million, % Selling and

THB 315.6 million and THB 282.99 million respectively. The increase was due to work in construction of headquarter, training and distribution center, the expansion of the factory and new branches

company to establish Vanachai Wood Smith Co., Ltd. which will process a business as the exhibition and product promotion center for Vanachai Group. The distribution will be one stop service for wholesale

593.09 million was mainly due to the investment in short- term investment, repayment of long-term loans from bank, payment for the construction of the headquarter, training and distribution center and the

decreasing from the expense management of domestic customer by reduce some distribution channels that could not well generate income to other distribution channels instead. In this regard, the Company could

district, Bangsue area, Bangkok. The purpose is to be exhibition and public relations center; to educate on Vanachai Group product knowledge, to be the Vanachai Group distribution center, and to be the

27.46%, 1.84 % increase 25.62% 4. Expenses 4.1 Distribution cost In the year 2018, the distribution cost at Baht 24.14 million, decreased Baht 1.99 million or 7.62 % compared to the year 2017 because

from furniture as the core business decreased 7.59 from the previous year. That caused from the management policy of some distribution channels in domestic to enhance the efficiency of expenses. Such

February 28,2020 Re: Clarification of the operating results of company and its subsidiaries for the year ended as at December 31, 2019 To: President The Stock Exchange of Thailand K.C. Property

selling and distribution expenses of Baht 463.7 million, decreased by Baht 123.6 million or 21.0% YoY. The decrease was mainly due to lower sales and decreased store-related expenses following the closure