EFORL and its subsidiaries in Q2/2019 was THB 485 million increased by 3% in comparison with the same period at the previous year and decreased by 1% compared to the last quarter. It derived from

rate is 430 Baht/ square meter/month. 4. The total value of the consideration: 4.1 The total value of transaction. The rent and service of office at 5,160,000 Baht per year. 4.2 Payment term Paying

. The average exchange rate for Q319 was 7% stronger at THB/USD 30.7 from THB/USD 33.0 in Q318. As a result the sales revenue in THB terms decreased 14% year on year for the quarter. Year-on-year, in USD

transaction: 3.1 On the use purpose of warehousing the company’s finished products, Vanachai Woodsmith Company Limited has a warehouse service contract in 2,688 square meters, and the location is at 8/3, Moo 8

Page 1 of 4 GEL.CS.005/2561 27 February 2018 Subject Management Discussion and Financial Analysis for the operating results as at December 31, 2017 To Director and Manager The Stock Exchange of

% to 24% in 1st quarter 2018. World sugar price volatility At the beginning of 2017, world sugar price has climbed up to 20 cent/lb then dropped sharply to 13 – 14 cent/lb at the beginning of 2018 due to

financial cost, as the principle payable under the Loan Agreement, the company paid completely. At the Annual General Meeting of the Shareholders of the Company held on 26 March 2018, the shareholders

physical count of inventories of company and subsidiary as at December 31, 2016 by DIA International Audit. The Company net profit of 332.37 million baht which increase 253.44 million bath or 321% by

general characteristics of the transaction: Vanachai Woodsmith Company Limited (subsidiary) has a rental contract on building of Firstwood Company Limited - located at no. 2/1 Wongsawang Road, Wongsawang

of 23%. The details were as followings; Revenue decrease due to World sugar price volatility At the beginning of 2017, world sugar price has climbed up to 20 cent/lb then dropped sharply to 13 - 14