Million Bath which related to revenue increasing from many ongoing projects of 2016. Including, new projects which award during 2018, all those projects made the Group recognized high revenue by percentage

previous year amounting to Baht 553 million. It was due to the projects that occurred in the previous year were 2 large projects while the projects that occurred in this year were many small to medium

addition, the economic impact of Covid-19 will be only fully visible in the Q2-Q4 period of the year. However, as our business is essential to many manufacturing processes, and as we are quite diversified

the country as much as possible, resulting in disruption of many businesses. In addition, the drought situation has reduced the income of the labor and farmers sector greatly. Gross Profit and Gross

sector 50.45% as many people avoid travelling according to the prescription measures to prevent the spread of COVID-19 during April to June. However, the Company has expanded market to industrial sector in

-o-Q and 29.6% Y-o-Y. Following the economic crisis facing the automotive industry due to COVID-19 and lock down measures implemented by many countries in which the Company operates, our customer

20.4 million baht and real estate business revenue decreased 7.1 million baht due to the COVID-19 situation, the slow economy temporarily 2 shuts many factories down. As a result, the amount of waste in

1 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Management Discussion and Analysis 2019 2 March 2020 KEY EVENT IN 2019 In 2019, UWC announced a corporate restructuring, which featured in changing in many

changing in many key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy

year, to reflect the slowdown in sales due to the COVID-19 pandemic which resulted in the closures of many points of sales between March and May. Some of the expenses, however, were less elastic to sales