for a reason of increasing in gain from exchange rate. 1.2 Cost of goods sold and expenses Consolidated (Thousands Baht) 1st Quarter Change 2019 2018 Amount % Cost of goods sold -453,166 -244,141

from export sales which was affected by Thai baht appreciates against US dollar. Other income increased 245.62 percent, due to higher gain from exchange rate. . Cost of goods sold and expenses (Thousands

from the same period of last year due to loss on forward contract caused by foreign exchange volatility during the Covid-19 pandemic. 1.2 Cost of goods sold and expenses Consolidated financial statements

. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019. Initially, the Company will focus on distributing it products

procurement, transformation, manufacture and stainless products wholesale and a subsidiary who is the finish goods trader of metal and non-ferrous metal. Therefore, the Company and its subsidiaries’ major

income 31.38 26.23 5.15 19.6% Total revenue 3,407.57 3,226.05 181.52 5.6% Cost of goods sold & service 2,893.97 2,773.60 120.37 4.3% Selling expenses 66.05 67.99 -1.94 -2.9% Administrative expenses 106.14

% in previous year to 26.43% due to change in product sales mix of general merchandise and the enhancement of directly sourced private-label goods’ profit margin, as well as the continuous efficiency

mix of both general merchandise and directly sourced private-label goods. Furthermore, there was a continuous improvement in product assortment planning from HomePro. 3. Selling and administrative

selling expenses from multiple new products launch; and higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures.  If considering

36.6% ▪ Revenue from Retail Merchandise 10.4 1.6% 12.0 2.0% 1.6 15.4% Franchise Fee Income 17.5 2.7% 14.8 2.4% -2.7 -15.6% Revenue from sales of goods and services 633.6 98.4% 596.6 98.6% -37.0 -5.8