stated shares from IPO for the further exercises of stabilization. Trinity Securities must return the total borrowed shares to FIDF within 30 days (due date: 14 January 2020) On the January 14, 2020

.  Return on financial instruments was Baht 11.15 million mainly from dividend income and gain on investment in debt securities, decreasing by Baht 22.53 million due to the Company had gain on sale of general

its investment in biomass powerplants to account for non-current assets held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s

held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS

cash of the stated shares from IPO for the further exercises of stabilization. Trinity Securities must return the total borrowed shares to FIDF within 30 days (due date: 14 January 2020) On the January

Return on Equity - ROE (%) (1.10) (1.33) Return on Assets - ROA (%) (1.18) (0.37) Net Profit Margin (%) (6.68) (20.25) Please be informed accordingly. Yours Sincerely, Mr. Piyawat Ratchapolsitte Chief

times. Return on Equity and Return on Asset equaled to 17.6% and 3.4%, respectively.

จดัการขนส่งสินค้า (Freight) 22,118,455 21,101,376 18,303,217 รายได้อื่น 258,887 61,456 253,280 รายได้รวม 22,377,342 21,162,832 18,556,497 ต้นทุนการให้บริการรับจดัการขนส่งสินค้า 15,018,083 14,209,267

Administrative Expenses The consolidated SG&A expenses in 1Q2020 equaled to THB 330.85 million, decreased by THB 3.22 million or 0.97% down from 1Q2019. The Consolidated SG&A expenses decreased since lower freight

again since the quantity sold has been dropped in the 1st quarter of 2021. Selling Expenses The Company and its subsidiaries’ selling expense mostly consists of domestic freight (In-land). In the 1st