due to 1) sales decrease; 2) higher cost per unit as a result of lower utilization rate; 3) higher depreciation; 4) higher excise tax and sugar tax following the Excise Act, B.E. 2560; 5) sales

TFRS16 implementation (THB 106mn), partially offset by a net loan repayment which benefited the Company in reducing the interest costs. Net loss was THB 1,213.1mn and net profit margin was (230.8

from higher current portion of debts which due to roll over this year which reflecting the higher policy interest rate. However, the Company has an appropriate capital management to optimize the

expansion of company’s internal activities. Nevertheless, the rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/Sales decrease from 12.77% in Q3/2018 to 11.00% in Q3/2019. 3

employees who have worked for an uninterrupted period of twenty years or more. Such employees are entitled to receive compensation at a rate of not less than that of the last 400 days’s compensation at the

rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/revenue from sales decrease from 14.13% in Q1/2017 to 12.07% in Q1/2018. 3. Financial Expenses The financial expenses

. Increased from the same period of 2017, Baht 242.40 Million which made the increased rate of 14.08%. Part of income derived from local sale and government decreasing from Baht 234.32 million to Baht 231.79

rate of increase is less than the growth rate of company’s revenue; therefore, SG&A/Sales decrease from 11.61% in Q2/2017 to 11.12% in Q2/2018. 3. Financial Expenses The financial expenses in Q2/2018

expenses increased by severance pay rate for employees who have worked for an uninterrupted period of 20 years or more are entitled to receive compensation at a rate of not less than the last 400 days from

continuous demand for canned corn. In addition the Company still gains from the exchange rate compared to the US dollar. (which is the main trading currency of the Company). Cost of Sales for Q2 / 2021 and Q2