decrease of 3.0% over the same period of last year. The main reasons for the increase in net profit were the increase in the gross profit margin that expanded from 14.6% in the year of 2018 to 16.6% in the

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-Translated Version- No. ECF2 032/2020 14 August 2020 Subject: Management Discussion and Analysis of the 2nd quarter and 6-month period ended 30 June 2020 To President The Stock Exchange of Thailand

: 0107556000248 No. (SUTHA-SET) 030/2017/Eng 10 November 2017 Subject: Management Discussion and Analysis for period ended 30 September 2017 To: The President of the Stock Exchange of Thailand Attachment

Public Company Limited (Hereinafter called “The Company”) still has carried adjustment of the business strategy to focus on the large project. Moreover the Company still development quality of product and

up and improve the strategy in order to gain higher sales volume throughout the year, resulting in higher sales volume from Q2 onward. The outcome of strategy improvement and cost control made NCL

from this business segment was increased from the same period of last year in an amounting of Baht 6.53 million or 23.01 percent mainly came from the Company has adjustment of the business strategy to

Statement Form and Period for Preparing Opinion Concerning Tender Offer