structure and strategy changes in the business operations of the SSK made SSK’s performance improved significantly in year 2018, which management foresees that when the restructuring is completed SSK will

. Opinions by the Audit Committee and/or Director significantly different from those by the Board of Directors : -None - Please kindly be informed accordingly. Sincerely yours, Mrs. Teerada Ambhanwong Managing

economy of scale, therefore, gross margin and net margin increased to 20.08% and 5.07% respectively.  There is no significantly impact on the company’s profit from the cost of raw materials factor

significantly in G to G business. ● Declining in bank OD and short-term loan and account payable is a result of adjustment in company’s working capital. Please be informed accordingly Kindly Regards - Signature

VGI PUBLIC COMPANY LIMITED BUSINESS HIGHLIGHTS 1Q 2020/21 Our overall performance was significantly affected by COVID-19 pandemic.  Total revenue was THB 445mn, a decrease of 50.6% YoY. o o  Gross

fitness center for three months. Consequently, the closure of the hotel’s facilities had significantly affected the hotel revenues overall. For expenditures, the Company carefully controlled costs and

payables 87 184 (97) -53% Other current liabilities 22 24 (2) -9% Total shareholders’ equity 9,016 8,786 230 3% 4 / 4 ● Decrease in account receivable mainly are from declining significantly in G to G

in the agricultural sectors, affect the consumers’ purchasing power which has caused private sector consumption to slow down significantly. Besides, the government expenditures remain shrink due to the

shareholders’ equity at the end of the first quarter 2020 significantly increased when compared to the previous year. Please be informed accordingly. Yours Sincerely, (Miss Udomporn Aeimjoy) Executive Vice

volume vs last year same period. The impact on the financial performance was significantly mitigated (operational cost saving program launched still in Q1 after Covid-19) and longer term via a network