. The details are as follows: Unit: Million Baht Net cash received from operating activities 577 Net cash received from investing activities 2,447 Net cash payment for financing activities (2,192) Gain

Baht Net cash received from operating activities 5,453 Net cash payment for investing activities (10,294) Net cash received from financing activities 1,078 Gain from the effect of foreign exchange rate

Activities 137.4 (1.3) Net Cash from (used in) Investing Activities (96.9) (29.2) Net Cash from (used in) Financing Activities 215.9 (102.0) Increase (Decrease) in Net Cash and Cash Equivalents 256.3 (132.6

payment for investing activities (16,933) Net cash payment for financing activities (4,018) Loss from the effect of foreign exchange rate (1,343) Net decrease in cash (14,186) Net cash received from

financing fee write- off from refinancing in the amount of Baht 9 million in May 2019 and 2) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after

are normally drop in volume during holiday seasons and high SG&A, 2) an improvement on financing cost mainly attributable to debt refinancing, 3) lower interest expense from ABPIF and 4) relatively

) mainly from lower gross profit from residential for sale, higher administrative expenses, financing cost increased from additional interest-bearing debt following the acquisition of GLAND in September 2018

which evaluated by company management. 8. The Benefits Expected to be Received by the Company Since the company manufactures paints for industrial use, most of the company's products are sold to

obtained from negotiations between the Company and the Seller, the fair value of which had been evaluated by Capital Advantage Company Limited (“CapAd” or the “Financial Advisor”), which valued ART and AWM

shares in the proportion of 30.00 percent of the total issued shares of UWM were the value obtained from negotiations between the Company and the Seller, the fair value of which had been evaluated by