SEC Classification : ใชภ้ายใน (Internal) Source : Yahoo Finance Digital Assets - Global BTC Price ($) Our focus period 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 BTC Price Bear Market

of an activity toward a trajectory compatible with the green pathway. Thus, in the following guidance the word “activity” will be used, but one must bear in mind, that the activity may exist in the

that, in bear market conditions, an increase in price induced by a buy trade is mostly temporary, but a decline in price following a sell trade is mainly permanent. Therefore, our results invalidate the

war between the US and China, lowering oil demand. With average Gasoil and Dubai crack spread (GO/DB) lowering 1.02 $/BBL while the average Kerosene and Dubai crack spread ( IK/DB) lowered by 1.80 $/BBL

tons or 61% more. As a result, high utilization rate and efficiency improve in period caused lowering in overall production cost. Consequently, the gross profit margin increased from 26% to 37% in 2nd

Bear • Change the Climate Change by Eco Event Data from January - December 2020 Garbage volume (Ton)1,580 Recycled garbage (Ton)1,273 Associate Supplier Customer Community New Product New Packaging Raw

focuses on quality and cost management, thus importing European products instead of importing products from China, thus lowering the cost of the baht as compared to the previous year. - Increased on other

or 24.7 %, from lowering in finance cost and management in foreign exchange and source of fund. 5. Share of profit from investment in associates decrease by 48.0 million Baht or 27.5%, due to lower

from the private sector and the government slowed down. There is intense competition. The cost of goods increases from the labor cost that the company must bear. In the second quarter of 2019, the

million Baht for the first quarter of 2019 to 47.01 million Baht for the first quarter of 2020, representing 62.10% due to the lack of sales target, causing the company to bear the fixed costs from