Microsoft Word - 62-10_Eng_Explanation of the business profits for the quarter 1-2019(edit).doc FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT 84, SUKSAWAT RD., PRASAMUTJADEE

comes from the repayment of long-term borrowing in the solar energy business. • Trade and other payables decreased by Baht (18) million because deposits received in advanced and trade payables decreased

mainly comes from the repayment of long-term borrowing in the solar energy business. • Trade and other payables increased by Baht 51 million because of deposits received in advanced and accrued payroll

million increased by Baht 10.7 million or 1.4%. - Short-Term loans increased Baht 76.3 million (Used to circulate within the business) - Trade payables increased Baht 28.8 million - Other payables decreased

of trade receivables. • Contract assets decreased Baht (39) million because of invoicing of engineering business. • Restricted cash decreased Baht (27) million while cash and cash equivalents increased

repayment of long-term borrowing in the solar energy business. • Trade and other payables decreased by Baht (34.78) million as due of payment. December 31 December 31 2018 2017 Change Current assets 927.84

circulate within the business) - Trade payables decreased Baht 44 million - Other payables decreased Baht 155 million (Accrued bonus, year 2019, actually paid- January 2020) Dividend payment On April 10, 2020

-Sep) Total Revenue 109 305 Type and size of transaction : This transaction is considered normal support business without any trade condition. The calculate size of this transaction is 0.031% which is

71.65 million Baht Remark Not related with majority shareholders, executives of the Company and subsidiaries Debtor 8 Nature of Business Manufacture and trade steel bars and finished steel products

Business Manufacture and trade steel bars and finished steel products Relationship with the Company Business Partners Debt amount * 231.89 million Baht Debt to Sales ratio** 7.21% Provision for allowance for