esthetics. 2. Overview of operating results in the Quarter 2’2019. Continued from the first Quarter of 2019 until second Quarter, the world economic still be tense from political crisis in many country and

environment. The raw material reference prices on the world market are that the HMS 1&2 (80:20 ratio) scrap USA export price of the first quarter of 2018 was averaged at USD 353/mt. FOB, increased from the

3344 Fax. 66 2 654 3323 No. PACE IR2018/013 Date: 15 May 2018 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2018 changing over 20% To: The President The Stock

6 December 2007 No. PACE IR2018/013 Date: 15 May 2018 Subject: Explanation of the Operating Results for the three-month period ended 31 March 2018 changing over 20% To: The President The Stock

environment. The raw material reference prices on the world market are that the HMS 1&2 (80:20 ratio) scrap USA export price of the second quarter of 2018 was averaged at USD 342/mt. FOB, decreased from the

industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. The

the Thailand Industries. 3. Performance of the Company Operating Results The Company reported a net loss of THB 476 million and THB 432 million for the 1st Quarter 2020 and 2019, respectively. This is

with the postponement of the Windows 12 operating system launch until mid-next year. Additionally, the company has plans to expand into the solar cell sales and installation business, with an anticipated

the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

accurately on the matter of substance concerning to the financial position, operating result and cash flow of the Company. 13. Other Information that may significantly affect the decision of the Company’s