times in 2020 and 0.16 times in 2019, Which shows the company's liquidity outlook improved due to the fact that inventories are classified as current assets with very little liquidity. Therefore

MAR 2020 Efficiency Ratios Leverage Ratios MANAGEMENT OUTLOOK

OUTLOOK

Secretary-General, said ?With the current economic and social conditions and the outlook, in particular aging society, everyone needs to understand and realize importance of saving and investment to ensure

Master Plan ? to support the development of projects for reduction of greenhouse gas emission by clean development mechanism (CDM Project) as well as provide business operators with more access to sources

Outlook Continued robust growth of Thailand Tourism industry 2017 Thailand tourism revenue increased by 9.5% from 2016 to THB 2.75 trillion, accounted for approximately 20% of GDP, contributed by revenue

- - - Retained earnings 24,675 8.7% 30,103 11% 2027 9,000 - - - Others 25,752 9.1% 25,965 9.2% Total Equity 50,427 18% 56,069 20% Credit Rating Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook

Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Stable Source and Use of Fund: 1H20 (Bt.mn) Source of fund Use of fund Operating cash flow 43,114 CAPEX & Fixed assets 12,661 Sale of

Connected transaction related to asset acquisition. 4.3 Details of asset a. Two units of clean room equipped with the air conditioning system having a total area of 1,039 square meters. b. One unit of

declined the second quarter in consecutive reflecting the economic slowdown in the trading partner countries. Although, Thailand’s economic outlook in 2023 is expected to expand between 2.7-3.7% mainly due