because the Company can control effective operating and administrative expenses well in accordance to the Digitalization plan, which reducing some operating and administrative expenses. The operating and

underground; and also to manage to control sewage, for example, waste water treatment and population evacuation concerning air and noise pollution, to private organization, sanitation district, government

quarter, lowering the main finished products yield. As a result, the Company needed to manage stock and volume sold through the industrial market channel, in order to not affect the volume sold through the

was a reasonable and appropriate transaction to the Company. The Company had no control due to the Company holds only 17.39% of the total shares and had no expertise personnel, in the business of mills

, from continuous cost control. Over the past years, the Company has continuously adjusted its business operations to meet customers’ demands and to compete with competitors and technologies that is

as sales. Although the Company will has been better administration for cost of sales and control expenses than previous year, as a result to revenue recognition and gross profit was decrease. Net

from last year at 12.55% as the company implemented better production cost control for new products that could cause an improvement in production efficiency and could reduce loss in many as aspects. 3

year-ended 31 December 2019 was 197.9 million baht compared to 213.3 million baht the same period last year, decreased 15.4 million baht or 7.2 percent due to an ongoing cost control measures. Over the

December 31, 2019 was Baht 1,530.75, decreased by Baht 133.24 million or 8.01% from last year, driven by the Company was able to control the debt internally both the Company and its subsidiaries. 3

cost. 3) Selling and Administration Expenses Selling and administration expenses decreased by Baht 11.4 million, or 6.5% from Q2/2016, as a result of improved efficiency in cost and expenses control. 4