between the price or value of goods or variable specified in the contract and the price or value of such goods or variable prevailing at a given time or any interval in the future as specified in the

-O-Y or Baht 17.2 million mainly from variable expenses that rose along with revenues, annual salaries adjustment, while interest expense lower as the rate down from 4.31% in 2017 to 3.60% in 2018, and

/2018; 2. SG&A including Interest expenses up 10% Y-O-Y or Baht 19.8 million mainly from variable expenses that rose along with revenues, annual salaries adjustment, and a higher CIT of Baht 2.0 million

expenses down 4% Y-O-Y or Baht 8.2 million mainly from the effectiveness of all SG&A expenses controls and the reduction of revenue -related variable costs despite an increase of Baht 2.5 million in pre

expenses down Baht 36.4 million Y-O-Y mainly from the reduction of revenue -related variable costs, travelling and marketing – related expenses due to the impact of Covid -19 pandemic; - and a higher CIT

in goods deliveries for part of the above-mentioned projects to Q4/2019; - SG&A including Interest expenses were down Baht 6.9 million Y-O-Y on lower variable expenses relating to performance; - CIT

, transactions that are subject to variable fee rates shall be based on volume they made; and the intermediaries that enter into the same type business activities shall pay the same rates of fee; or fees shall

a lower competitive level than quarter 3/2016, resulting to a lower profit margin of Methyl Ester Business Unit. As a result of factor mentioned earlier, in quarter 3/2017, the company’s Adjusted

. Compare to 4Q2018, it was reduced by 0.35 Baht/kg or down 7%. These were mainly resulted from the decreasing of methanol price which was a factor in the ME EPPO price formula. Fatty Alcohols Exhibit 4

difference between ME EPPO price and mixed feedstock prices) was at 4.49 Baht/kg., decreased by 8% compared to 1Q2019 because the methanol price which is a factor in the ME EPPO price formula declined, while