, administer and manage any risks which arise or may arisen from conducting business to be at a controllable level which have no impact on undertaking of fund management; (c) determine efficient control

invest in new M&A targets. • Further manage down its OPEX to minimize spending. • Continue its quest for new projects within controllable risks and sustainable returns, in and beyond Thailand, targeting

which will help in waste controls and effectively manage the raw materials. Please be informed accordingly, Sincerely yours, Mr.Saton Samerphark Managing Director

quarter of the previous year. Therefore, the gross profit margin was 24.40% which decreased by 3.75%. However, during the current quarter the Company was able to manage the cost and received the

related to insurance business and property development cost in subsidiaries. Moreover, the Company’s manage inventory level down to 1,300.8 million baht as compare to the end of Q2/2018 at 2,092.4 million

. This type of products are regularly produces by the factory which will help in waste controls and effectively manage the raw materials. Please be informed accordingly, Sincerely yours, Sathon Samerpark

to financial institutions in order to carefully manage Company’s Cashflow. Trade and other payables as of March 31, 2020 was in the amount of 15.41 million baht, droping by 1.82 million baht from the

revenue from sales. The company has a higher gross margin comparing to the same period from 15.5% to 23.4% because the company is able to manage production efficiently from the opening of new factories

common control basis. 2017 2018 2017 2018 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 58.3% 48.5% Current ratio (times) 1.4 1.5 Operating EBITDA (%) 36.5% 25.4% Quick ratio6 (times) 1.4 1.5

31-Dec 2018 (Restated) 31-Dec 2019 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 46.9% 35.6% Current ratio (times) 1.6 1.3 Operating EBITDA (%) 26.0% 15.5% Quick ratio6 (times) 1.6 1.3 Net