, as well as the slowdown in business in Thailand. Even though HV saw a growth in revenue in the past year, it is still a small proportion compared to the revenues from the Company and HP, so overall the

), due to higher contribution of C-Vitt and COVID-19 impact. Higher proportion of C-Vitt in total portfolio distorted the overall gross margin as C-Vitt operates under joint venture model so profit is

the model in each accounting period. In addition, it establishes the hedge accounting principle to align with the risk management strategy and establishes the disclosure requirement on financial

lowered due to high competition during low season. The company has a strategy to pursue more Non-oil business endeavors in order to offer modern consumers more convenience when using service stations; the

, the Company has adjusted the strategy and new business policy by inversing the focus on the Company’s originally main business, expanding customer groups, and proactively operating new projects which

. However, the effective cost control helped decrease SG&A expenses, thus overall performance has improved. Bio-based product business The Biodiesel business performance improved from the same period of the

move towards Green Businesses targeting renewable energy, material recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been acquired in late 2016 and during

last year and able to maintain its No. 1 position in the online top up machine business, both in terms of number of kiosks and total usage amount. The Company's strategy continues to focus on the

strategy. Cost of food & beverage was 376.7 Million THB, increased by 19.2 Million THB or 5.6% YoY is in alignment with the acquisition of Kitchen Plus Restaurant. Expenses Administrative expenses of 212.8

, covering all area nationwide. The Company’s key strategy focuses on managing the kiosk location and adding new services to the system. For Q4/2019, the Company has added new services including AXA insurance