suppliers. The plant now has been completed but still in the process of mechanical testing and improving the treatment formula. For the RDF facility in the second quarter, the Company has started to adjust

0.25% per annum (the normal interest rate of the loan for the associated companies) whereby PF will adjust the said interest rate for twice a year in January and June. At present, the interest rate is

had to be closed according to government policy. But the company was able to adjust to its profitable operating results this quarter details as follows: Management Discussion and Analysis Q2/2020 Page 3

, TFRS 9 Financial Instruments and TFRS 16 Leases, by adjusting from the retained earnings as of January 1, 2020 and didn’t adjust the financial statement of the previous year. The adjustments of right-of

and operation, and that the staff are moving forward in the same direction in order for the company to adjust, grow, and create value to the business, the stakeholders and the society as a whole.The CG

notable improvement of the performance in terms of revenue and cost-saving compared to last quarter. However, Overall performance on a year-over-year basis was affected by the change in structure of revenue

into year-end due to continued strength at our customers taking into account the normal seasonal effects” 2. Outlook Marco environment experienced some notable headwinds particularly in the tourism

(mostly related to Thai Financial Reporting Standard No. 16 (TFRS 16). Other notable cash flow changes were (1) Trade and other Current Payables which increased by THB 80.7 Mn (2) Accrued Expenses which

full year 2021 was also notable at Baht 1,282.29 million, compared to 542.08 million in 2020. On average, our core operating profit in 2021 was strong at an average of Baht 320 million per quarter. Gain

2022. Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for 9M 2022 was also notable at Baht 1,509.1