. 2. Cost of sales In the year 2018, the cost of sales at Baht 127.43 million, decrease of Baht 163.03 million or 56.13% compared to the last year, varied to the decreased revenue from sales of land and

million, increase of Baht 34.39 million or 26.99% compared to the last year, varied to the increased revenue from sales of land and houses as bellows: Q4/2019 Q4/2018 increase(decrease) million Baht million

million or 7%, mainly due to an increase in cost of real estate sold which varied with an increase in revenue from sales of real estate. Page 3 of 4 IV Expense (Unit: Million Baht) Second quarter 6-month

year, varied to the decreased revenue from sales of land and houses as bellows. Item 2018 2018 increase(decrease) million Baht million Baht million Baht % Revenues from sales 175.66 295.89 (120.23

| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

-end of 2018 and Q2/2019 was THB 665.3 MB and THB 619.1 MB respectively, equivalent to 55.7% and 52.4% of total assets respectively. The Company’s the finish goods inventory as of year-end of 2018 and Q2

cash equivalents in which accounted to THB 393.9 MB and THB 99.6 MB respectively or equivalent to 30.7% and 10.0% of the total assets. Secondly, the finish goods inventory in which accounted to THB 501.8

capital. The key success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue

was mainly due to an improve on the inventory cost management continued from year 2017 as well as sales mix management in each product category efficiently. However, the Company still strictly

inventory, the sales promotion expenses (excluding ownership transfer expenses) increase 26.76%. As a result, the net profit has decreased 5.34% from that of the same quarter of the previous year. In Q1/2018