E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

increased. And the company has expanded its sales in both modern retailers and department stores, resulting in an increase in sales related expenses. Expenses January – June 2017 January – June 2016 Increase

same period last year. The company has adjusted its marketing policy. By restructuring work teams, sales and marketing increased. In addition, the Company has expanded its sales in the modern retail and

Replacement markets. Overall, total sales this year was in line with the motorcycle and motorcycle tires markets that expanded in ASEAN area.  Industrial Elastomer Parts Business: The sales increased from

environment The Thai economy for the year 2018 expanded as expected according to its potential. For the last quarter of 2018, the economy continued to expand largely from domestic demands contributed both from

correctly and completely in all material respects. In this regard, as evidence that each and every page of the documents is of the exact documents to which I have certified, I have authorized …………………………. to

previous year as the average selling price increased 2.24%, while volume sold decreased 2.27% from last year. However, the Company has expanded market to industrial sector and household sector in order to

Industrial lands completely and the company does not want to invest for a long term for the development of public utility Such disposal of shares constitutes a sale or transfer of the whole or some substantial

project successfully and also sold all of the Industrial lands completely. There are the last 4 lands which have made purchase agreement and still remained for transferring ownership and the company does

Mall Co., Ltd. On 1st July 2016, the Company acquired the business of NPP Food Service Co., Ltd. at Baht 57.27 million and the evaluating company completely evaluated the purchase price allocation (PPA