margin decreased by 3 percentage points to 7% in 2019 from 10% in 2018. SGA expenses decreased by 2% [THB 19m] due to reduced SGA expense at the Jiaxing plant. Payout Analysis For the year 2019 the company
capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in newly
increase the capital from 25 Million Baht to 625 Million Baht by issuing 60 million newly ordinary shares in value of 10 Baht per share. 2. The approval on Vanachai Group Public Company Limited to invest in
investment 564 - N/A N/A Doubtful debts (reversal) 508 -1 508 -92825% Loss on impairment of investments 11 - N/A N/A EBIT before share of profit from investment in associates and joint venture 237 1,405 -1,168
Total Expenses 4,334.0 65.1 4,697.1 69.2 363.1 8.4 Profit before share of loss from investments in joint ventures, finance cost and income tax expenses 2,323.2 34.9 2,092.7 30.8 (230.6) (9.9) Share of
Cannot be calculated as there is no share issuance Calculation details of the transaction size of the investment in Target Group Hotels and Resorts Basis of calculation Transaction size 1. Net tangible
51.20 million, loss from impairment of investment in associate of Baht 107.78 million, management benefit expense of Baht 18.68 million, finance costs of Baht 0.69 million and share of loss from
decreased equity in the amount of THB 555.01 million, share of other comprehensive income expense of associates Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020
& Distribution Expenses per net sales 6.4% 6.7% (0.3%) 6.0% 6.2% (0.2%) Administrative Expense per net sales 11.1% 10.9% 0.1% 8.3% 8.2% 0.1% Net profit margin 5.1% 5.5% (0.4%) 6.9% 6.7% 0.2% - Basic earnings per
sale 14,319 10,866 32% Selling expenses 185 160 16% Administrative expenses 496 529 (6%) Bad and doubtful debts expense 3 1 144% Finance costs 271 203 33% Total expenses 15,275 11,760 30% Loss for the