health and esthetics. 2. Overview of operating results for the year 2019. Thai’s economic has trend to growing lower continuously, Not only exporting business but Travelling business also have trend to

has not revised the past financial statements which incurred high depreciation expense causing the new depreciation value to be lower. The effect from changing the estimated useful lives towards the

151.10 million from the second quarter of the year 2019 of Baht 84.28 million or -55.78% from lower salary and employee benefits. Finance costs Finance costs of the second quarter of the year 2020 of Baht

property development services with the focus on the quality of life of the residents managed with “Vibrant Community” concept and develop a home for lower-middle to upper-middle income earners at the

performance and franchise model concept, it affects with significant drop of the business valuation of the subsidiary company due to the recoverable amount is lower than the carrying amount. In 2019, the

lower than 50 percent, the Company therefore is obligated to disclose the information to the SET and deliver the information letter to all shareholders within 21 days from the date the Company disclosed

to 15 percent or Higher than but lower than 50%) The transaction under the method of calculation of the transaction size by using the total value of consideration according to the Notification of the

Period + (-)+ (-) For the 6-month Period 4 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 • Cost to revenue from sale of industrial equipment ratio decreased by 58.32% YoY resulting from mix of lower

, loans revenue was 2,905 million baht, a decrease of 115 million baht or 4% y-y, mainly from lower new trading volume and reduction on interest rate ceiling for personal loan by 3%. Moreover, loan income

partially offset by lower production and delayed price adjustment of raw material price increases in the Portugal operations. Selling and administrative expenses increased from Baht 397.06 million in Q4 2020