mandatory diesel to gradually replace B7 since January 2020. Comparison with 1Q2020, CPO price plummeted, pressured by a high level of CPO stock in Thailand due to high seasonal palm production in this

operating cash flows. 2Q 2020 Summary Financials Table 1: Core Financials of Consolidated Business $million (except where stated otherwise) 2Q20 1Q20 2Q19 2Q20 QoQ 2Q20 YoY Production Volume (MMT) 3.24 3.31

advertising service provider to the owner of the advertising media in Thailand and service provider for the construction, sourcing, installation and maintenance of the advertising media only. The Company will

for the construction, sourcing, installation and maintenance of the advertising media only. The Company will grant the right to manage all the advertising media of the Company and its subsidiaries in

of the advertising media in Thailand and service provider for the construction, sourcing, installation and maintenance of the advertising media only. The Company will grant the right to manage all the

higher rainfall than the previous quarter, and the lower solar panel installation projects. PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Executive Summary Q3/2019 Significant Events Comparing 9M

to the continuously rising price of cullet which is the key raw material in the production process of amber glass bottles causing the packaging cost to increase considerably. However, the Group

food production. In term of business tourism continuously expanded in all region from both Thai and foreign tourists. Costs slightly rose due to wage hike and increasing in commodity prices, however

business. Similarly, private investment sector was slowdown regarding to the concern about uncertain government spending except in the electronics group that moved production base from abroad and the

production: 6Q 1E'2'%891HF6+S'('56Q ($6QI+) GH T World Steel Association ($12(%89 2 +N 2560 0F+, 426Q GHT ($1XFH 6KG'6L'JOH6KG'J&'' 2560 %& + 6%V ($'' 67 + 6%V%89H' GI) 6%F 1 425.5 '21' +, 426Q ( ( GHT