& Administration

salary and incentive. 4. Administration expenses increased 398,927 baht compared to the same period of the last year mainly from expenses related to IPO of the Company’s new shares. 5. Corporate tax

% Total Revenues 450.56 382.22 68.34 17.88 Cost of Goods Sold and Services (439.72) (360.55) 79.17 21.96 Sales & Administration Expenses and Financial Cost and Tax Expense (27.77) (23.88) 3.89 16.29 Net

year. 6. The comparison of the Company’s administration expenses of the first quarter of 2018 and 2017 are as follows: Increase / Decrease 1 st quarter of 2018 % 1 st quarter of 2017 % MB. % Sales income

) Million baht Million baht Million baht % Total revenue 444.51 501.45 (56.94) (11.36) Cost of sales and services (428.19) (577.56) (149.37) (25.86) Sales and Administration Expenses and Financial cost (21.41

, the company had a higher loss as compared to the same period last year. Sincerely Yours, (Mr. Kuan Chiet) Vice President – Finance & Administration

advertising and support department increased by 0.46 million baht, and transportation expenses decreased by 0.23 million baht. The cost of administration for the nine-month ended Sep 30, 2019 amounting to 17.36

4,788.68 4,865.66 1.61% Selling and Administration 103.61 104.66 114.92 95.48 392.98 418.67 +6.54% EBIT 84.88 61.10 (3.27) 54.22 432.47 196.93 -54.46% Net Profit 70.56 50.78 (0.34) 45.53 358.62 166.54 -53.56

gross profit decrease 18.75 million Baht and in this quarter, Selling and Administration Expenses nearly to the same period of the last year are 63.99 million Baht. From the above reason, the operation in

economic slowdown of both Europe and America.  Total cost of goods sold decreased by 25.62%, which is in the same direction as the decrease in revenue  Selling expenses and administration costs increased