Baht ,decreased trade account receivables, receivables from related companies increased total 66.88 million Bath and inventory increased in amount 135.77 million Baht, the valuation adjustment of the

expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating performance, while the increase was due to an additional amount of provisions set aside for

to The Company 48.29 43.84 10% 224.70 109.75 105% * Non-cash items included depreciation as well as accounting adjustment (ie provision of staff benefit and SW income) Page 2 of 4 outside checkup

Total Current Liabilities 452.80 1,448.95 (996.14) -219.99% Total Non-current Liabilities 76.02 376.72 (300.70) -395.56% 528.82 1,825.66 (1,296.84) -245.23% SHAREHOLDERS' EQUITY Issued and paid-up share

the same period the previous year. Selling expense, such as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of

84.20 376.72 (292.52) -347.42% 1,482.63 1,825.67 (343.03) -23.14% SHAREHOLDERS' EQUITY Issued and paid-up share capital 1,316.25 1,316.25 - 0.00% Premium on ordinary shares 264.33 264.33 - 0.00% Surplus

Administrative expenses of the Company and its subsidiaries in the 1st quarter 2020 were 13.87 million baht with an increase of 1.07 million baht year-on-year resulting from annual base salary adjustment that was

-recurrence start-up costs of setting up new branch offices in Vietnam and representative offices in Malaysia and Indonesia, including company annual salaries adjustment and lastly a higher CIT Baht 6.8 million

up Baht 10.8 million Y-O-Y mainly from annual salaries adjustment; 3. and lower CIT of Baht 11.6 million and non-controlling interests Baht 0.2 million Yours sincerely, Mr. Anant Kittivittayakul

value adjustment on the interest-free loan for Malaysian subsidiaries amounting to THB 13.61 million during the 3-months period ended 31 July 2016.