. Business outlook for Q2/2020 was expected that the Thai economy would be contract appreciably from the impact of the COVID-19 pandemic and the ongoing drought, which are expected to clearly affect income and
downwards the 2020 GDP forecast in their Monetary Policy Report, saying the economy was likely to contract by 8.1%. Although Thailand has successfully controlled the spread of COVID-19 so far, leading to a
increased by 69.85% from the average selling price in 1st quarter of 2019. Currently, Company only sell to some industrial customers, which entered into short-term contract with specific quantities and
transactions, and thus slash our cash management costs, leading to reduced costs for our customers and within the overall economic system in the long run. Within this context, KBank and K Companies accentuate
sell to some industrial customers but in the 3rd quarter of 2020 did not receive award from bidding, so the sales volume decreased. The Company entered into short-term contract with specific quantities
award from bidding, so the sales volume decreased. The Company entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control
industrial customers, which entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that
customer perception. We continue to focus on delivering fair profitability balancing between short- and long- term drivers while keeping our solid financial strength. Market and Competitive Environment As
until the end of lockdown measures. The kitchens were arranged through a short-term rental contract with the purpose to support orders from online channels in response to the government's measures to
loss was incurred from THB depreciation against USD. In general, AIS has policy to mitigate currency risk using forward contract to partially cover capex payable Finance cost was Bt1,414mn, decreasing