challenge from facing high distributor’s inventory. Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18 Management Discussion & Analysis Page 3/7

surpass the challenge of cash sufficiency during the crisis and be complied with relevant law and regulation in the countries where the hotels operate. With regards to the Company’s financial status, the

has been intense competition in certain areas for customer acquisition. However, the chipset shortage is a challenge to increasing affordable 5G-compatible models that enable 5G attraction. The home

increased penetration in the suburban regions. Some operators continued to offer low-price packages which resulted in a reduction in the industry's overall ARPU. Despite this challenge, AIS opted to compete

slightly reduced down to 0.99% from the previous quarter. However, substance macroeconomic challenge is remained as the level of household debt (seasonal adjusted) continued to increase from 90.7% in the 1Q

reduced down to 0.81%. However, substance macroeconomic challenge is remained as the level of household debt (seasonal adjusted) continued to increase from 90.7% in the 1Q/2023 to 91.4% in 1Q/2024. For the

moisture. (C) Flexible Packaging have proportion of revenue is about 10% of total revenue which is made by forming of multi-layer plastic film; for example LLDPE / HDPE / PP Shrink Film for cutting and

a g e | 10 2020 Outlook 2020 definitely a very challenge year for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade

g e | 10 2020 Outlook 2020 definitely a very challenge year for our company and in tourism business which is on the verge of the world’s economic slowdown, the destabilization of international trade

increase in D/E ratio was from funding for the new company’s projects. Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 10 2020 Outlook 2020 definitely a very challenge year