million Baht, by decreasing in terms of distribution costs. As a result of the shipping cost to distribute goods both domestically and internationally, promotional and commission fees, when the sales volume

affected by the COVID-19 epidemic crisis in any way. Selling and administrative expenses in the first quarter 2020 decreased by 4.95 million baht from the same period last year. Due to the reduced shipping

purchase order for slit of steel. In addition, the Company recognized more inventory in-transit which not made a payment in abroad trade payables. Non-Current Liabilities The Company’s non-current

goods in transit as of December 31, 2018 which was imported according to purchase orders and delivered to customer in January 2019. Total Liabilities was Baht 1,860.04 million, decreased Baht 868.59

1,002.80 million consisted of; 1. Trade and other receivable decreased Baht 138.67 million. 2. Inventories decreased Baht 828.53 million, mostly from goods in transit as of December 31, 2018 which was

materials. Increased in inventories of THB 45.76 million, mainly due to goods in transit for THB 22.58 million. Increase of right-of-use assets (ROU) for THB 302.57 million which is acknowledged for lease

higher than MACO’s Domestic Advertising segment due to higher cost from concession in Transit and Airport media. As a result, overall gross profit margin was decreased from 34.4% to 24.0%. Selling, General

Company Limited entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand (the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT Blue Line

Public Company Limited entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand (the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT

entered into the MRT Blue Line Concession Agreement with the Mass Rapid Transit Authority of Thailand ( the “MRTA”) on March 31, 2017 for the concession period of 33 years. The MRT Blue Line Project