(MD&A) For Q3/2017 7 Chart of world crude steel production monthly, ending 30 September 2017 Source: World Steel Association Such the situation showed that global crude steel production continues to

2017 to $92 in 3Q 2018, driven by tight PTA supply/demand situation, despite increased Paraxylene prices. Although IPA margins have weakened substantially, West Feedstock core EBITDA remained steady at

purposes. As a result of the Covid-19 outbreak, businesses had less cash-in-hand and were unable to raise funds from bond and capital markets as per the normal situation. The improvement in loan demand was

a holding company has investments in retail and financial businesses. During the second quarter, the company passed the coronavirus outbreak ("COVID-19"). Although the situation of the COVID- 19

of the COVID-19 situation that affected the Company’s businesses. As a result of COVID-19 pandemic situation, the Company has strictly complied with the announcement from government sector limiting

for COVID-19. However, the epidemic of the virus was controlled in time by The Thai government, which has implemented a number of preventive measures to combat the situation, such as closing certain

situation that has been continuing to adversely affect sales performance of the Company. Export sales decreased by 44.5% due to customers in India, ASEAN, and America cut their orders considering lack of

to be reasonable in the present situation and compared to the carrying amount of assets related to the license. The Company recognized loss on impairment of investment in the warrants of Baht 83.61

last year, the main result from gain on sale of investment amount of THB 17.92 million. Although, the economic situation in the country remains weak, the Company keeps focus on new customers and new

assumptions are based on management of the subsidiary’s judgment and past experience and business plan, as well as the future prediction that is believed to be reasonable in the present situation and compared