other selling expenses such as marketing and promotional expenses, and depreciation of asset in each branch. For the year ended 2017 and 2016, selling expenses were THB 227.52 million and THB 178.53

previous year or representing 10.8%. In this regard, the cause of the change was as follows: 1. Sales revenue for the mobile phone distribution decreased in the third quarter of 2019 by 1,651.3 million Baht

income statement) Therefore, the operating result depends on the change of the market price of investments. Table: Operating Results (Unit: Million Baht) Items Quarter Variance 1/2020 1/2019 Amount (%YoY

Exchange of Thailand CAZ (Thailand) Public Company Limited (“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the 1stQuarter ended 31 March 2020, which

commercial banks; The Thai Bond Market Association; Database Bloomberg; Digital asset business operators (exchanges, brokers, and dealers) via ICO Portal. 2. Purposes of Data Processing Data Processing

reviewed consolidated financial statements for the 9-month period as of 30 September 2018. The transaction value is also calculated from the transactions of disposal of asset during the period of six months

were made on 2017 financial statement, affecting the statement of financial positions as follow: Asset: Investment in associated companies decreased THB 242 million Shareholders’ Equity: Retained

and Analysis (MD&A) for year 2017 9 Table : The production and the domestic demand of Finished Steel in 2016 and 2017 Total Apparent Finished Steel (Unit : Tons) 2016 2017 % Change Production 7,957,351

domestic demand of Finished Steel in 2016 and 2017 Total Apparent Finished Steel (Unit : Tons) 2016 2017 % Change Production 7,957,351 6,865,628 -13.72% Import 12,614,629 11,326,134 -10.21% Export 1,294,821

% compared to the same period of previous year. Total Apparent Finished Steel (Unit : Tons) Quarter 3/2016 Quarter 3/2017 % Change Production 1,531,203 1,696,674 10.81% Import 3,242,891 2,843,598 -12.31