Baht 30-Sep-19 31-Dec-18 Total Assets 28,635 30,632 Total Liabilities 19,001 20,532 Total Equity (911) 172 Minority 10,545 9,928 Gr ou p HR C Gr ou p Management Discussion and Analysis Quarter 3 Ending

economy, supported by increased stability, government stimulus, and tourism recovery, despite weaker consumer sentiment, lower private investment, and flood. AIS reported core service revenue of Bt40,799mn

remained sluggish, due to weak purchasing power and the lack of any specific measures from the government. In the second half of 2017, the economy moved in a positive direction driven by industrial expansion

% (3.37) -100% Net Profit 31.00 22% (6.84) -2% 37.84 553% The Corona Virus (COVID-19) outbreak that started at end of 2019 made its way into Thailand in early 2020, forcing the Thai government to declare

closed period regarding of the government regulations, the company prioritize employees and customer hygiene first. Therefore, the services preparation for the cinemas, bowling, karaoke, and ice skate

from the decline in operating revenue due to the impact from the new COVID-19 wave, as well as the temporary closure of some dessert cafe branches according to the government measures. • The Company’s

the countermeasures taken by the government to control social gathering activities, including travel restrictions and the closure of venues considered high-risk areas, the Thai economy in 2020 is

sales ratio decreased significantly from 37.1% in 2Q 2018 to 26.8% in this quarter due to revenue increasing at a higher rate than expenses. Net profit attributable to the equity holders of the Company

attributable to equity owner of the Company and excludes non-recurring expenses of THB 180mn. 3M 2020 PERFORMANCE ANALYSIS (YOY) In April 2020, MACO has changed its fiscal year to start from April to March

, therefore Safari World Group has temporary closed its parks to such duty and to the request of the government from 19 March 2020 in order to halt the widespread of the virus at those time. During these times