of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO

% 215 -32% 361 730 -51% Adjusted EBITDA Margin (%) 4.4% 6.8% -2.4% 7.6% -3.2% 5.9% 8.2% -2.3% Net Profit -36 67 -154% 20 -280% -16 131 -112% Item from raw materials derogation 14 -2,004 -101% 2 600% 16

both Thailand and abroad temporarily disrupted several economic activities. The tourism sector substantially declined due to Thailand’s inbound travel restriction measures. Manufacturing productions were

subsidiary’s total net profit decreased by Baht 1,468 million or 75% while total revenue from sales and services increased by Baht 1,850 million or 29%. Raw material cost and cash conversion cost increase higher

raw material and cash conversion cost. On a YoY basis, the Company and subsidiary’s total net loss increased by Baht 666 million or 91% while total revenue from sales and services increased by Baht

sales and services amounted to Baht 8,678 million, increased by Baht 863 million or 11% QoQ. Revenue increase came from sale volume increase but still had net loss because raw material cost increase

% Adjusted EBITDA Margin (%) 1.0% 9.3% -8.3% 4.4% -3.4% 4.3% 8.6% -4.3% Net Profit -97 185 -152% -36 169% -113 317 -136% Item from raw materials derogation - - n.a. 14(2) -100% 16(2) -2,004 -101% Tax income

of bonds only. - For the offering of bonds, the approval will be granted upon the registration of the transfer restriction, features of bonds, draft terms and conditions and a bondholders

market for each of the last three financial years. 3. A description of the seasonality of the issuer's main business. 4. A description of the sources and availability of raw materials, including a

location of the project to reduce the distance for raw material (Vinasses water) transportation from the Biofuel Mitrphol Factory, Dan Chang From the study of the dept cost structure of the transportation