-Value (LTV) ratio for mortgage loans which led to a decline in bank lending to the real estate sector. The Bank of Thailand also implemented policies to encourage commercial banks to focus on sustainable

Business sales volume was 1,504 million liters (+4% YoY, -2% QoQ), especially increased in retail market, due to the business’s policy to focus on service station throughput, and from the expansion of

competition in industrial market. Marketing margin was at the similar level of Q1/2017, while the Non-oil business recorded a higher revenue from expansion of the branches, but has been under developing and

sluggish effecting from Trade War which impacted the global economic sentiment. However, the Thai economy is attributed mainly by number of factors, namely 1.) Growth in Tourism sector particularly in 2H19 2

.) growth in private consumption supported by higher household income in both agriculture and non- agriculture sectors along with recovering consumer confidence; 2.) solid performance in the tourism sector

growth; 2.) slow pace of growth in tourism sector which supported by number of tourists from India, Japan, Hong Kong and Malaysia offset an unrecovered of Chinese tourists; and 3.) government subsidy to

of subsidiaries. 3. Finance costs increased by Baht 49.85 million or 202.15 % due to the Investments in subsidiaries ,and the building expansion of the subsidiaries. Sincerely yours, (Mr.Pongpat

million or 213.17 % due to the Investments in subsidiaries “TPP Healthcare International Co., Ltd” and the building expansion of the subsidiaries. Sincerely yours, (Mr.Pongpat Patanavanich) Managing

Most Outstanding Company in Thailand Utilities Sector 2019” in Asiamoney Awards 2019 for the most outstanding company in utilities sector in areas of financial performance, management team excellence, IR

were continued expansion of the outlets network for the existing brands together with the reopening those outlets closed for renovation last year, sales of premium and CRG Gifts products, and the