sharing from investment in BBF increased Baht 13.38 million, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of biodiesel B10 and B20. 4

slow growth in the new restaurant and hotel project , while export sales decreased by 10.8% due to the slowing sales in America, ASEAN, and South Asia which was affected by the change in government

-agricultural sector, which was partly supported by government measures. Although the number of overseas tourists was stable, there was a decline in the export sector which has been affected by the trade dispute

economics’ slowdown is expected to continue in 2Q19 since the negative impacts remain unsolved. The global economic is expected to be pressured from an uncertainty of the USA-China Trade War. New government

in transit amounting to Baht 205 million. Pursuant to the Government announcement in the Government Gazette regarding to the revised Anti-dumping and Countervailing of Foreign Products Act, B.E. 2562

number of tourists continued to decline since Chinese New Year, coupled with the government measures against the pandemic, e.g., inbound travel ban, department store closure and curfew, thereby causing

had to be closed according to government policy. But the company was able to adjust to its profitable operating results this quarter details as follows: Management Discussion and Analysis Q2/2020 Page 3

because the outbreak of the Coronavirus disease 2019 ( COVID- 19) in Thailand has continued to spread rapidly and widely and the government has requested cooperation from all sectors to refrain from

situation will end, the company was also affected in the 1st quarter too. Starting with China as the beginning of outbreak, the government has locked down the country and ordered the cease operation in both

previous year, mostly from the increase in profit sharing from investment in BBF, resulting from the government continuously promoted biodiesel consumption as renewable energy by announcing the use of