HONDA ENGINEERING ASIAN CO No WICE 002/2018 4 January 2018 Subject: The payment of share acquisition of Universal Worldwide Transportation ( “UWT”) To President The Stock Exchange of Thailand

HONDA ENGINEERING ASIAN CO เลขท่ี WICE 002/2561 วนัท่ี 4 มกราคม 2561 เร่ือง ขอแจง้การเขา้ท ารายการและช าระเงินค่าหุน้สามญั Universal Worldwide Transportation ( “UWT”) เรียน กรรมการผูจ้ดัการ ตลาดหล

March 31, 2018 and March 31, 2017, the Company and its subsidiaries had a net profit of Baht 56.52 million or 17.17%. Universal Worldwide Transportation Limited holds 80% of the total number of ordinary

the registrar. The profit for the period therefore decreased as mentioned before. The Company has set procedure to solve the mentioned problem and believes that the ratio of net claim expenses over

doubtful accounts 50% of the debt overdue 181 days - 365 days, due to the debtors have been in long term business with the Company and there’s no problem of payment. Furthermore, the debtor has requested for

company. Purchase of 80% of Universal Common Shares of Universal Worldwide Transportation Limited. Page 2 of 5 The Company must recognize revenue. Entering into the financial statements. As a result

to approve the acquisition of 80,000 ordinary shares of Universal Worldwide Transportation Limited (“UWT”), with a par value of 10 Hong Kong Dollar, which equal to 80% of total ordinary shares of UWT

. Meanwhile, the private sectors continued to slow down investment. Private households in various sectors paid more attention on spending because there were still having problem on purchasing power and incomes

financial statement ended March 31, 2019 or Baht 7.86 million lower due to raw material supply problem. Cost of sales decrease from Baht 9.87 million for the three-month period financial statement ended March

problem of purchasing power and incomes which have not yet recovered. Furthermore the liability stayed in high level and this was slightly speeded up the consumption. Therefore, it affected the expense