despite of the drastically decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In Q2 2019, Selling and Administrative Expenses was 338 MTHB, increased by 59 MTHB or 21.1

or 17.2% due the drastic decline in Ethylene and Glycerin price from ample supply plus lower crude oil price. 2. In Q3 2019, Selling and Administrative Expenses was 361 MTHB, increased by 42 MTHB or

February caused by technical issue at our supplier’s site. Analysis of Cost and Expenses 1. In Q1 2020, Cost of sales was 3,255 MTHB, decreased by 445 MTHB comparing to Q1 2019 or 12% due the drastic decline

high-technology products, an increase in price of the Company’s core raw material, copper foil, due to an unbalanced demand/supply in the market, as well as the appreciation of the THB in a short period

. The outbreak put pressure on market value of domestic Ready-to-drink Tea (RTD Tea) market to decline by 18.6% in the quarter, compared to the same period last year. To minimize the impact, the company

million Baht, decreased by 27.23 million Baht or -7.97%. ง Income statement (Million Baht) 1st Quarter 2020 2019 YOY % Total Sales and Services revenue 1,157.02 1,164.83 (7.81) (0.67%) Raw water revenue

% from the same period in 2018. The decrease in revenue resulted mainly from the decline of revenues from the manufacturing and selling of Special Cutting Tools segment, which include sales from the

and less waste proportion. This was coupled with the Company’s effective control of production cost, e.g. orders for raw materials in a large volume to lessen unit cost of raw materials, and lower fixed

production line of flexible packaging and the machine setup process is not complete and new employee lack of expert skill and the use of raw material is inefficient, cause a high production cost. 3. Selling

due to the effect of an annual selling price adjustment, a change in foreign currency exchange rate and an increase in the cost of goods sold resulting from a continuously high cost of raw materials