E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors,...

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

expand largely from domestic demands contributed both from private consumption and private investment. Private consumption grew notably in durable goods segment (especially in vehicles) while growth in non

income and net fees and services income while other non-interest income declined. Operating expenses also declined yoy from effective cost management and largely driven by lower loss from revaluation of

million baht from 31 December 2019, largely derived from:  Long-term lease liabilities - net of current portion amounting to 6,664.6 million baht which derived from adjustment of long term lease

31, 2018 amounted to Baht 2,768.2 billion, an increase of Baht 93.9 billion or 3.5 percent from the end of December 2017, due largely to an increase of Baht 79.4 billion or 59.5 percent in interbank

) margin loss has been largely offset by EOEG margins on spot ethylene in the US. All in all, in 2019, we expect our production to be higher by 3.9 million tons to 13.0 million tons, a 43% growth vs 2017

outbreak. In 1Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, resulting a deep economic deceleration throughout the year. Thai

changed by considering all stakeholders. In 2Q20, overall economy was largely affected by the coronavirus disease (COVID- 19) outbreak globally, including the Thai economy, due mainly to country lock down

transactions. Non-current liabilities Total non-current liabilities of the Company were 25,015.2 million baht, increased by 2,368.5 million baht from 31 December 2019, largely derived from:  Long-term lease