, such development can be described as follows: - Translation - Page 2 of 11 2015 Domestic Sales Energy Drinks Sports Drinks Other Branded Products 3rd-party Products 2016 Domestic Sales 5,477 614 51 238

Limited was rated among the top level of "Excellence : 5 Stars" for the 5th consecutive year. Overview of Economy and Competition in Commercial Banking Industry In the third quarter of 2020, Thai economy

admission, human resource development and training, investment in other companies as a holding company, i.e. 1) KPN Music Co., Ltd. (“KPN Music”) operating musical instruments trading and music school under

government spending into infrastructure projects which lead to a continuous growth of Thailand’s electricity consumption. The trend of the power industry in the second half of 2017 is estimated to be lower

V3 12/05/63 0 V3 12/05/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2020 The Thai economy in the first quarter of 2020

engaged in import and export of equipment used for Electrical Power Systems including research and development to futher expand the investment in electrical engineering, electronic products and electrical

2020 MD&A 6  We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement

, buildings, development in tandem with machinery and equipment, according to the independent appraisal report dated 25th May 2020 which was 192.65 million Baht and less (deduct) Modern’s extension work of 3.8

Republic of China, established to support the Company’s future overseas investment. - 24M Technologies Inc., a company which conducts research and development of batteries for power storage for the

businesses related to the tourism industry, which during Q2/2020 were the most affected. This quarter the company and its subsidiaries earned revenue from selling of goods and rendering of service of THB