addition, the economic slowdown in 2019 created a price war competition in this industry. For this quarter, the outbreak of COVID-19 since middle of March 2020 caused a direct impact toward customers

demand in the market. Excess production in China caused extra problems as the local production could not be shipped out due to pandemic, resulting into an intense competition and price in China. For

year. This is due to the lower sales than in the same quarter of the previous year, affected by the higher intensive competition in stainless steel pipes aluminum and copper in the market and resulting

the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among

projects would be from year 2020 onwards. Expansion in Cambodia, the Philippines and Oman B.Grimm has expanded renewable power business to the Philippines through the 6 MW solar rooftop project, to Oman

according to the draft of lease agreement and located on no. 486 Onnut Road (Sukhumvit 77), SuanLuang Sub-District, SuanLuang District, Bangkok .The Company intend to invest in the expansion of its branch

draft of lease agreement and located on no. 486 Onnut Road (Sukhumvit 77), SuanLuang Sub-District, SuanLuang District, Bangkok .The Company intend to invest in the expansion of its branch which the

refused derived fuel technology, and being a consultant for various engineering projects which will support the Company’s business expansion. Moreover, having a well- known business partner, as a major

Equity Capacity COD of projects Selective Growth COD of projects ERU +250MW Rayong WTE +10MW Expansion+18MW +2,771MW COD of projects CUP 4 +45MW NL1PC +26MW CUP 3 Expansion +15MW XPCL +321MW +39.5MW Note

than in 2017 which mainly supported by acceleration of global economy growth. Moreover, expansion in private consumption, export growth, and private investment from last year was due to higher consumer