39.80 Million Baht, or or 10.63%. The main reason of revenue growth resulted from revenue recognition by percentage of completion of projects which were hired on 2017 – 2018. Since 1st January 2019, the

Baht % Revenues from main business EMS business 1,457 21% 1,658 21% (201) (12%) Enterprise solution business 1,701 25% 2,676 33% (975) (36%) Smart service business 3,361 50% 3,481 43% (120) (3%) Total

sale decreased 3.71 percent from consolidated. The main revenue generated from furniture as the core business was approximate with the previous year. Other income increased significantly from interest

Smart service business and the increase in administrative expenses. Analysis of revenues Q1’ 2020 Q1’ 2019 Increase (decrease) Million Baht % Million Baht % Million Baht % Revenues from main business EMS

249.10 (32) Less Loss on derivatives 92.95 - n.a. Loss on change in status of investments 5.72 - n.a. Share of profit (loss) from investment in (0.14) 5.30 103 joint ventures Gain (loss) on recognition of

Baht 292.12 million in the amount of Baht 37 million or a from decrease of 11.24 percent as a result of the Company's marketing policy to expand its market share. (Market Share) by adjusting the price

181.11 100.00 (3.15) (1.74) The Company's total expenses for the 2nd quarter of 2019was Baht 177.96million, a decrease of Baht 3.15million or approx. 1.74% yoy. The main reason was cost of ferry service

Connected Person Relationship between Tang Mong Seng Holding Company Limited (“MH”) and Pacific Pipe Public Company Limited (“PAP”) › MH, holding 39.05 percent of PAP’s total share, is a major shareholder of

Company Limited (“PAP”) › MH, holding 39.05 percent of PAP’s total share, is a major shareholder of PAP. › Mr. Somchai Lekapojpanich is the director of MH and PAP. › Lekapojpanich group is a major

amounted to THB 231.1 million, a decrease of THB 178.7 million or 43.6% from the last year. The main factor causing the operating results in 2020 to change more than 20% from the last year was higher Profit