of last year along with declining proportion of sales in the year 2019 and the recognition of income from some projects with lower margins. Other Income Other income is income from other business

. Mobile phone and accessories distribution business Mobile phone and accessories distribution remain the core business of the group in terms of the proportion of total revenues. In the first half of the

. › MH and Lekapojpanich group hold 73.86 percent of PAP’s total share. PAP shareholding proportion as of March 13, 2016 Name Relationship Shareholding Percentage 1. Tang Mong Seng Holding Ltd., 39.05% 2

shareholder of MH. Mr. Prayoon Lekapojpanich and Mr. Somchai Lekapojpanich, director of MH, are brothers. › MH and Lekapojpanich group hold 73.86 percent of PAP’s total share. PAP shareholding proportion as of

Revenues 408.7 515.3 (20.7) The Company reported total sale revenues of Baht 401.8 million decreased by 21.6% compared with QoQ. Proportion of domestic sale was 26.5% while export sale was 73.5% of total

proportion of the cost of sales to net sales revenues from 51.81% to 48.86% and the improving of gross profit margin which increased from 48.19% to 51.14%. However, the Company still pay attention and monitor

% and 6.84% respectively, despite the fluctuation from the exchange rate as both subsidiaries has revenue proportion from international at more than 70%. On the other hand, Eastern Polypack revenue from

The gross profit of company in 2018 decrease amount of 2 million baht equivalent 1% from previous year. This is in line with the declining proportion of sales in the year 2018. However, when considering

at 31st December 2017, 22.28 THB per 1 share)  Total value of the transaction : 9,000,000 THB  Shareholding proportion  Shareholding ratio before acquisition  Shareholding ratio after acquisition

Co,Ltd. Names Proportion (%) Number of shares Price/share Total value (baht) 1. Miss Watchariya Chaidilog 0 820,000.00 5.00 4,100,000.00 2. Girl Kakanang Siwakritkul 1 1,400,000.00 5.00 7,000,000.00 3