partially offset by lower production and delayed price adjustment of raw material price increases in the Portugal operations. Selling and administrative expenses increased from Baht 397.06 million in Q4 2020

concert and having a controlling power over SUTGH prior to the Entire Business Transfer Transaction. The two shareholders shall hold the Company’s shares in a total of 24.84 percent of the Company’s total

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2019, Thailand’s chicken meat export was about 954,010 tons, 6.93% up from 2018 and

through economies of scale. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from

increase in product sales volume of 8.15 percent and increase in raw material cost, salary and benefits of the employees, gas expenses and repair and maintenance expenses. Cost of services was Baht 216.88

Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash

of the power business of Thailand. The Company contemplates to expand its business to cover the production of biodiesel. Therefore, apart from the benefit from the source of fund of investor, the

Crude Oil from other country and also support stability of the power business of Thailand. The Company contemplates to expand its business to cover crude palm oil (CPOA) trading business for biodiesel and

to store excess electricity to be used during peak demands in order to help optimize and stabilize power system at the Science & Innovation Centre of GC, Rayong and “Smart city” pilot project for

rose by 5.5 percent to Baht 13.2 trillion (79.1 percent of GDP) as of the third quarter of 2019, weighed on household purchasing power. However, in the second half of the year, the government rolled out