and caused a material fall in in number of tourists especially from China which is our target customers. The number of Chinese tourists slid about 1% from the same period last year (source

% THB mm % Raw material and packaging 179.04 80.77 71.50 60.69 (107.54) (60.06) Labor costs 21.98 9.92 11.33 9.62 (10.65) (48.45) Depreciation costs 8.64 3.90 10.06 8.54 1.42 16.44 Freight expenses 0.68

, negative factors affecting tourism in Thailand still emerged and caused a material fall in in number of tourists especially from China which is our target customers. The number of Chinese tourists slid about

Service For the three-month period ended March 31, 2018 For the three-month period ended March 31, 2017 Add (Reduce) Percentage Sea Freight 142.93 152.88 -9.95 -6.51 Air Freight 160.31 106.90 53.41 49.96

transactions occurred during the 2nd Quarter 2017. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward

material (CPO) and biodiesel’s stocks by trying to maintain inventories turnover rate between 30 – 45 days, enough for the production and delivery in each month under quarterly and yearly contracts. Also

the three-month period Ended 30 June 2019 For the three-month period Ended 30 June 2018 Increase / (Decrease) Percentage Sea Freight 151.36 151.01 0.35 0.23 Air Freight 181.49 193.11 -11.62 -6.02 Cross

of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO

the Year Ended 31 December (YoY) Cost of sales Consolidated financial statements Change Increase/(Decrease) For Year Ended 31 December 2017 2018 THB mm % THB mm % THB mm % Raw material and packaging

% in 2Q19 compared to 12.9% in the same period in the previous year. Selling expense, such as freight costs and sales commissions, decreased compared to 2Q18 in line with lower sales. Administrative