from main business were not significant change compared to the same period of last year. Administrative expenses Administrative expenses for the first quarter 2020 amounted to Baht 214 million, an

expenses recognition.  The Company has not yet started to utilize its tax benefits approximately Baht 70.0 million from the investment in new machinery. Q2/2020 vs Q1/2020 (QoQ)  Net profit in Q2/2020

. The transaction does not affect the Company’s cash flow. • The Company recognized selling & administrative expense related to the settlement of financial instruments, which are non-recurring, amount THB

outbreak of COVID-19, the company was extremely affected in the second quarter of 2020 or so to say, the amount of waste is reduced by 30 percent. If the outbreak does not spread repeatedly, it is expected

structure of investing unprofitable businesses such as biomass businesses to suspend loss from this businesses that machine could not fully operated thus the company has focusing on business of high voltage

exchange rate. However, the Company can maintain the level of selling and administrative expenses to be in the same criteria. Financial costs were not significantly changed. The Company earned net profit in

period of more than 1 year to a period of not more than 1 year. -4- Assets Items that has significant changes Balance by Quarter Change Q1–21 Q4–20 Q1–21 VS Q4–20 (MB) (MB) (MB) Short-term loan from

238.24 million as at December 31, 2019 due to impairment of dead stock and could not to use.. • Intangible assets decreased from THB 172.47 million from December 31, 2018 to THB 1.79 million in December 31

retained earnings as at 1 January 2020, and the comparative information was not restated amount Baht 13 million and operating profit increased amount Baht 7.37 million. 5 Cash Flow Statement Analysis Unit

is not able to increase the selling price in the current economic conditions. The company has a higher gross margin comparing to the same period from 10 .4 % to 15 .5 % because the lower cost of the