strategy to emphasize FN brand awareness and increase FN brand equity which is support sustainable growth. For expense management efficiency, the Company implements IT system to reduce operation and resource

. Lockdowns were enforced in many countries and some subsidiaries had to shut down its operation temporarily in Q2/2020. Customers’ orders also decreased, and shipments were postponed. However, the

around 82% but the cost of goods sold of Q4/2019 is down to 77.9% because of the reduction in raw material cost. • Although we have continually conducting cost down projects and minimize the internal

transfer. This enable the company to recognize the sales revenue in this period. On the other hand, the sales of Town Homes was 31.85 Million Baht, decreased by 30.29 Million Baht, or down by 48.74% Cost of

in 2020 was also dropped down by 26.26 % when compared to that of 2019 from Baht 328.58 million to Baht 242.28 million. Similarly, export sales to Africa had also declined by 6.90 % as the figures

and businesses with strong growth potential. Demand for loans from SMEs has slowed down and is concentrated in some areas, particularly Bangkok; while in the provinces demand is relatively stable

situations. Another factor of economic slowdown was the drought directly affecting agricultural products as well as their decreasing prices, causing the decrease of the domestic market’s main purchasing power

Q1-2017 (THB 18,695/ton) due to the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion

DISCLOSURES (TCFD) IMPLEMENTATION  TRUE BECAME AN OFFICIAL TCFD SUPPORTER IN JULY 2021  1/16 COMPANIES IN THAILAND  BENEFITS:  PREVENT & REDUCE BUSINESS RISK  CREATE OPPORTUNITIES  SELF-ASSESSMENT

period of 2018 and South Korea at 6.3 Mt up 2.8% compared to March 2018. In the EU, Italy’s crude steel production for March 2019 was 2.3 million tons, down by 0.3% on September 2017, France produced 1.4