% 2. ECONOMIC SITUATION Thai economy in Q2/2019 moderated from previous quarter. The global demand weaker from protectionist trade policies between the US and China, which effected to export sector

2017. Due to most of the sales were ex-work and decreased in export. Administration Expenses The Company and subsidiaries’ administration expenses for the 2nd quarter of 2018, was THB 20.96 million which

service expenses of Baht 0.72 million, increase in product packaging expenses of Baht 0.57 million, increase in fuel expenses of Baht 0.37 million, increase in processing expenses for export products of

, which decreased by THB 2.58 million or 61.54% from THB 4.26 million in the 3rd quarter of 2017. Due to most of the sales were ex-work and no export. Administration Expenses The Company and subsidiaries

the previous year, which decreased by 19.9 percent. The sales volume has decreased following the economic and export slowdown and the selling price has decreased in accordance with the intensive

supplies from Chinese exports, in which the various refineries rushing to export in accordance to the 2019 quota they had received within the year. As well as Indian export numbers growing significantly from

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previous year, which decreased by 16.3 percent. The sales volume has decreased following the economic and export slowdown and the selling price has decreased in accordance with the intensive competition in

consumption, production and export sectors in Thailand. There are various industries that have an impact on the production and supply chain from upstream to their downstream, such as electricity, electronics

forecasts signaling GDP will fall by up to 6% compared to 2019. The export sector has been affected by declining demand from trading-partner countries, while the tourism sector has been severely impaired by