estimating the income and profit and loss of the project in the future including evaluating business risks. Howerver, based on the opinion of financial advisor, Absoluted Advisory Company Limited chose the

profit and loss of the project in the future including evaluating business risks. However, based on the opinion of financial advisor, Absoluted Advisory Company Limited chose the discount cash flow

delay of Government spending of Infrastructure project. In addition, the influx of Galvanized products from China and Vietnam also affect to HRC market as well. To cope up with the aforesaid issue, we try

a manageable level. Page | 5 Management Discussion and Analysis Q2/2020 In the third quarter of 2020 , the company started operation of a new shopping center project, JAS Village Amata Nakorn. This

been included in the same period of previous year (before reduction of corporate income tax), EBITDA increased from the same period of previous year by Baht 15.43 million or 5.91 percent. This was due to

management and maintenance services from outside. Resulting to the reduction in cost of engineering and other services by Baht 9.8 million. Net gain (loss) on exchange rate Q2-2019 Q1-2020 Q2-2020 6M-2019 6M

Natural Gas Power Plant also decrease because the plant using in-house management and maintenance services instead of hiring external services company, resulting to reduction in cost of engineering and

% to 33.6% mainly derived from the biomass power plants, which the Group acquired in the third quarter of 2020, although the Group had significantly improve the machinery’s efficiency and cost reduction

start a new project under the concept “After You into the woods” in October 2022 to January 2023 at Midwinter Khao Yai Restaurant. The store will offer special menus suitable for the atmosphere like

Kong. • Revenue from Catering and Pop-Up in Q4/2022 was THB 16 million, increased by THB 2 million or 14% from Q4/2021 due to the increase in sales from the Company’s new project called ”After You into