. Board of Directors considers that the subsidiary will generate the return to the Company in term of growth in assets and sustainability in revenues. 3. New subsidiary expand GLOCON with dried fruits

. The main reason that the revenue from sales has decreased due to the Rubber wood kiln dried sawn timber which is the main business of the company in 2018 has highly volatility of the market that caused

the period, the Company acquired dried fruits business and a decrease in loss from restaurant business. At the present, the revenue from packaging business of totally 144.20 million Baht or 36.01% of

wood kiln dried sawn timber which is the main business of the company. The business was impacted by volatility caused since 2019 as a result of trade war between United States and China, where China was

Company has decreased Rubber Wood Kiln Dried Sawn Timber in export due to majority of customers in China have requested to delay the shipments because customers are in process of improving environment in

“Peach and Lychee Yoghurt Frappe X Ivy” and “Shibuya Honey Toast x Detective Conan” or launching Company’s own products such as the “Kakigori Watermelon Dried Fish” and the “Coconut Americano”. After

business which is the main income of the Company has decreased the export of Rubber Wood Kiln Dried Sawn Timber due to majority of customers in China have requested to delay the shipments but the company had

Dried Sawn Timber due to majority of customers in China have requested to delay the shipments and also revenue of real estate business decreased cause the sale of real estate decreased but the company had

packaging business is not less than 21 11.50%. If it is in line with the plan and projection, it is expected that the Company will generate operating profit for the year within 4 years after the expansion

. This is expected to generate income and profit to the Company, then, makes the Company gain much more improved financial position and operating performance that leads to value-added contribution to the