the pro forma financial information of HCGB. Liquidity and Appropriateness of Capital Structure As at 31 December 2018 and 2019, the Company had the current ratios of 1.10 and 1. 14 and the quick ratios

the quick ratios of 0.55 and 0.70, respectively. The increases were because the Company had less inventories corresponding to the decreased sales values. In its business operation, the Company uses the

2019 Change Reason Liquidity Ratio (x) 5.39 5.85 (0.46) Decreased mainly due to current portion of long-term lease liabilities increasing while asset increased less that liabilities increased. Quick

Liquidity Ratio (x) 5.23 4.53 0.70 Increased mainly due to the decline of account payable, while current asset decreased at slower pace. Quick Ratio (x) 1.63 1.93 (0.30) Decreased from lower cash and cash

required to prepare and disclose the information memorandum to the Stock Exchange of Thailand nor to obtain an approval from its shareholders in accordance with the Notification of the Capital Market

tangible asset value of the Company as of December 31, 2017, which is greater than 0.03% but less than 3.00% of the net tangible asset value of the Company. Therefore, the Company is required to obtain the

required to obtain the approval from the Board of Directors meeting before the entry into the transaction and to disclose the information relating to the transaction to the Stock Exchange of Thailand. The

by Baht 4 million from 2017 because the Company could manage and obtain cheaper source of finance than the prior period. Net Profit In 2018 and 2017, net profit of the Company which is accounted for

Company could manage and obtain cheaper source of finance than the prior period. Net Profit In 2019 and 2018, net profit of the Company which were amounting to Baht 192.90 million and Baht 129.08 million

reasonable and will eventually increase Company’s profitability and benefit to obtain stronger financial condition of the Company. Thus, the Board of Directors has approved the receipt of financial assistance