Translation November 10, 2017 Subject: Management explanation and analysis for Quarter ended 30 September 2017 Attn: The Managing Director, the Stock Exchange of Thailand Pacific Pipe Public Company

costs of sales and services was ฿ 478.96 million, ฿ 44.34 million decreasing or 8.47 %. It is noticeable that the revenue from sales and services of the company has been decreasing as well as the cost of

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