than the volume in Q3 2020. The main reason for the lower than plan revenue was largely due to microchip shortages and the 4th wave of Covid-19 starting in July 2021. Demand for cars remained strong
major customers, new model launch and new product launch led to higher revenues. Thailand operations were very strong; recording 68.3% growth year-on-year. China and Portugal operation were also strong
China were strong, grew 6.6% and 39.49% year-on-year respectively and outperformed the industry. Portugal, however, reported a reduction in volume by 25.42% due to microchip shortage which has negatively
million. This decrease was due to cessation of business of EIC Semiconductor Co., Ltd. in 2018, which had functioned as the Company’s agent for providing supply to customers in 2017. Loss on Impairment of
enforced by banks, brokers, etc. • Governance by code, not by people – Nobody to hold accountable – Code is not always well-written – Velocity of transactions is very high, e.g., “flash loans” • Reliance on
quarter of 2019, the Company revered provision for doubtful accounts amounting to Baht 4.71 million or equivalent to 100% because EIC Semiconductor Co., Ltd. and S. Thana Media Co., Ltd. received payment
amounting to Baht 6.17 million or equivalent to 31.58% because the Company received the payment of advance for share subscription amounting to Baht 0.40 million. EIC Semiconductor Co., Ltd. and S. Thana Media
for share subscription amounting to Baht 0.40 million. EIC Semiconductor Co., Ltd. and S. Thana Media Co., Ltd. received payment from customers which had already set up allowance for doubtful accounts
situation has been considered a major factor causing the global economic slowdown and affecting the society as a whole. It also caused a global semiconductor shortage crisis, which is another factor that
: - Thailand & Indonesia – production at very minimum level despite no closure of business due to most OEMs in Thailand had stopped their production until July 2020. Malaysia – very low production in May 2020