termination of this leasehold rights was to reduce the cost of the Company from recognizing project cost since 2014 when the Company entered into lease agreement. Since then, Project MET has not started any

increase the Company’s financial liquidity to be used as working capital and debt repayment which will help reduce the high interest burden of the Company. On the date the Board of Directors approved the

operation and increase in the Company’s financial liquidity, used as working capital and to repay debt which would help reduce the interest burden of the Company. On the date that the Board of Directors

Company will reduce further its debts by repaying to the financial institutions. In addition, the fund from the newly share capital increase including the issuance of warrant will be used for future

well. However, if the Company can transfer the remaining backlog residences of MHNK project to the customers and recognize continuously the revenues as planned, the Company will reduce further its debts

and nearly completed to transfer to customers. Besides, the Company was able to reduce the inventory to 846.6 million Baht, compared to at the end of the year 2018, equivalent to 1,329.1 million Baht

business and operating results of the Company and the repayment of short-term borrowings from financial institutions in order to reduce the financial cost of the Company. The Company has Investment in

business and operating results of the Company and the repayment of short-term borrowings from financial institutions in order to reduce the financial cost of the Company. Trade and other accounts receivable

in cash and cash equivalents, resulting from the repayment of short-term borrowings from financial institution of THB 280.05 million in order to reduce the financial cost of the Company. Liabilities

from our major customers, new car model launches, new product launches, increase of EV related products and Kaizen activities implemented to reduce the fixed cost of the company during the COVID period