date on January 1, 2020. By this summarization of business operation and financial statement of year 2019 was prepared under standard before the change and does not have retrospective improvements on

used. Cost of goods sold in the first quarter of 2020 decreased by 5% and gross profit in the first quarter of 2020 increased by 5% compared to the same period last year. This is a result of the cost of

on consolidated financial statement. 2) Decimal numbers shown in this management discussion and analysis are likely to be different from the Company’s financial statement due to the rounding to 2-digit

15 August 2019. In this regard, the Group has recognized the excess of such compensation net of the carrying value of digital television license amounting to Baht 331.35 million. According to the

ability to provide more services to existing customers such as KTC, this is in accordance with the current situation that various organizations were unable to work at the workplace, some of the customers

COMPANY LIMITED (“ZW”) equivalent to 3,311,172.50 baht. As a result, CWTG will hold a percentage of GP1 in proportion. 100 With additional details of this investment as follows Seller Amount Price/Share

private sector jobs. This leads to an increase in average gross profit margin compared to the previous year. Financial Position As of 31st December 2019, the company’s group had total assets of 681.42 THB

lockdown in many countries around the world including Thailand. But the negative impact on domestic consumption, manufacturing and export sectors persisted in this quarter, despite improvement from the

for our operations due to the COVID-19 pandemic. We temporarily closed our stores in accordance to the government requirement in the second quarter. Going into this crisis, we had a well-developed

this draw 3. Selling expenses Selling expenses in the 3rd quarter of 2019 were 51.70 million baht, an increase of 45.71 million baht or 763.11 percent from the same period last year, due to the network