cycle and circumstances are, nevertheless, more likely to impair this capacity BBB+ BBB BBB- Baa1 Baa2 Baa3 BBB+ BBB BBB- Speculative Grade This group involves speculative elements – capacity for

CMG revenues when goods are ready for transfer to customers and not when it has been transferred. This impacted the Company and its subsidiaries’ financial statement on total sales and net profit either

GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2020 Page 1 of 11 Management Discussion and Analysis This interim MD&A report has been prepared based on the

Babi Mild core range, Babi Mild Bioganik, emphasizing mildness, natural and certified organic essence quality. With our flexible manufacturing capability, this enables us to capture opportunity in the

from USD Loan to related parties at WUPIN 7 One-time Accounting Adjustment is the revision of recognition of maintenance cost of Gulf SPPs (GVTP, GTS1, GTS2, GTS3 and GTS4) but this revision had impact

, the company had beginning cash and cash equivalents of 58.21 million Baht, whereby during the financial period, net cash was increased by 213.56 million Baht. This comprised of the following items: 1

increased by THB 2.64 million, compared to the second quarter of 2019 which the negative gross margin was THB 9.67 million. This is mainly due to the decrease in the tourists effected from COVID-19 pandemic

sale revenue was not sufficient to support the Company’s expenses which effect to the company’s net loss for this period amount of 65.92 million Baht that represented decrease loss 566.45 million Baht or

decreased by 0.53 million Baht. This comprised of the following items: 1) Net cash received from Operating Activities totaling 454.58 million Baht from the net income and the changes in assets and liabilities

, GTS1, GTS2, GTS3 and GTS4) but this revision had impact to WHAUP Profit and Loss Statement in 1Q2019. 7 Definition of Normalized Net Income attributable to Owners of the Parent is changed to Net Profit