circumstance has been suffering from the COVID-19 outbreak, but the Company’s revenue of the third Quarter had impressive growth compared with the same period of the last year and control selling and

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

sale purchase agreement with Thanasiri Group in May 2018. The condition precedent as specified in the agreement- such as the board of directors’ and/or shareholders’ meeting of the Company has approved

will depend on the final offering price of the Trust’s units, which will be determined by book building process and other factors such as, the general capital market condition and other financial

30, 2016 from Bank South Pacific 6. Total Value of Consideration and Payment Condition Total value of consideration stipulated under Equity Purchase Agreement is not exceeding USD 250 million or Baht

past collection history, aging profile of outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful accounts is adequate in the current circumstances

from steel structure manufacturing ratio in 3rd quarter of 2019 rose 35.10 QoQ resulting from condition to sorting tower before delivery in some projects cause additional labor and operating cost

outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial

collection history, aging profile of outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit

follows; 1) Construction income received in advance (the value of total billed by contract’s milestone payment condition which was higher than revenue recognition of this period) total of 77.47 Million Baht