service revenue increased from year 2016 that cost of goods sold and services was 78.48 % of sales and services revenue. This is because the customer extend the period of goods receiving which is the

new branches compared to last year. Sales from Catering service and OEM increased from THB 8.79 million in 2016 to THB 19.67 million in 2017 because the menus were in high demand thus the Group had

cash because the Board of Directors expected that there will be additional surplus liquidity from operations and the capital increase from the IPO during the period which there are no plans to use the

by 5.83 million baht or 54.23 % decreased because the associated company had a less earning than previous year. For the past 6 months ended of June 30, 2019 The operating result for the past 6 months

baht compare to the same period in 2017 had the amount of 33.87 million baht, because of corporate income tax of year 2018.  Investments in associates 101.62 million baht, net decrease of 20.44 million

27.46%, 1.84 % increase 25.62% 4. Expenses 4.1 Distribution cost In the year 2018, the distribution cost at Baht 24.14 million, decreased Baht 1.99 million or 7.62 % compared to the year 2017 because

2.18 million baht or 26.78 % increased because the associated company had better earning than previous year. For the past 9 months ended of September 30, 2019 The operating result for the past 9 months

the same period of the previous year. Gross profit margin for the third quarter of 2019 was increased from 22% to 28%. This is because the project revenue recognition in this year has lower value than

structure. 5. Management benefit expenses For Quarter 1 of the year 2020, the management benefit was 2.97 million baht compare to 3.32 million baht, decrease by 0.35 million or 10.54% decreased because the

Analysis for the year 2019 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information for the year 2019. Because the Company