Company determines to maintain an optimal capital structure by lowering leverage level which will ultimately reduce debt ratio. Unit: THB million 31 December 2018 31 December 2019 Change Cash and cash

exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

and near market value Payment term By cash with 180 days of credit term The reason To reduce the idle equipments in order to create maximum benefits for the Company and its subsidiary, CCET sold the old

Company will reduce further its debts by repaying to the financial institutions. In addition, the fund from the newly share capital increase including the issuance of warrant will be used for future

, but also reduce interest burden of the Company. The remaining proceeds will be used for Company’s working capital. (3) Reasonableness of the capital increase, plan to utilize the proceeds, and projects

long-term interest bearing debt to more suitable level, but also reduce interest burden of the Company. The remaining proceeds will be used for Company’s working capital. (3) Reasonableness of the

repayment of such loan shall not only improve the proportion of short-term interest bearing debt to long-term interest bearing debt to more suitable level, but also reduce interest burden of the Company. The

shares sold would reduce the Company’s capital use relating to MDF board and Particleboard in case of considering investing in the business of Wood-Based Panel manufacturing and distributing with Planet in

well. However, if the Company can transfer the remaining backlog residences of MHNK project to the customers and recognize continuously the revenues as planned, the Company will reduce further its debts

the overall headcount, savings in logistics costs and certain reclassification in SG&A versus COGS compared with last year, have all helped to reduce SG&A costs by 6% compared to the same quarter last