crude palm kernel oil price falling. On the other hand, fatty alcohols supply was much tight because of the announcement of permanent shutdown of a synthetic fatty alcohols plant in Europe and temporary

revenue of fatty alcohol business increased by 9% from 3Q2019, mostly due to significantly rising of sales volume of fatty alcohols by 5%. On the other hand, crude palm kernel oil price considerably

by 9% from 3Q/2018. On the other hand, it decreased from 2Q/2019 by 16% because the market had concerned on global economy uncertainty. In summary, market for 9M/2019 versus 9M/2018, crude palm kernel

. The Company’s net loss has increased by 94.32 million Baht or 172.94%. Increased loss is the result of adjusting up-down price of crude palm oil during 2019, the Crude Palm Oil (“CPO”) price was

biodiesel blends in diesel mandate from B7 to B10 as standard diesel and be formally enforced nationwide from January 1st, 2020 onwards. On the other hand, the Company has recorded the allowance for

Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude

1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm

steel price trend while inventory still had higher price. Also, when comparing to the same period of last year, inventories on hand end of 31 March 2016 had low cost since last quarter of year 2015. 4

same period of 2018. The main reasons were:  Revenues from circulation decreased 15.24% with circulation revenues of comic books and children books decreasing 33.23%. On the other hand, revenues from

comic books and children books decreasing 27.63%. On the other hand, pocket books increased 28.20%. • Revenues from rendering of services decreased 70.6% due to less margins from publishing, distributing