management in contemplation of enhancing business efficiency to accommodate sustainable growth. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Revenue Major revenue of The Group mainly
growth in export sales while domestics market we sustain the leadership position in the RTD Tea market. Moreover, the Company started to earn services revenue from OEM business in this quarter. Food
and separately presented under share of gain (loss) from investment in joint venture. Hotel business recorded a revenue growth of 9% YoY due to stronger performance of Phi Phi Village after completion
investment driven its business growth compatible with strengthen the revenue structure and support sustainable growth strategy. In 2019, CPN progressed with the following new investments. CPN debut the first
Thailand’s financial system support the Company’s business to grow in the future. Overall economy growth is expected to grow at around 4.2% per annual. This macroeconomic factor fuels the debtor to repay cash
in Thailand’s financial system support the Company’s business to grow in the future. Overall economy growth is expected to grow at around 4.2% per annual. This macroeconomic factor fuels the debtor to
which was effective since 16 September 2017. However, costs increase is mainly due to investments to build the foundation for future business growth, while some investments cannot generate revenue
by relying on consumers’ higher purchasing power. Moreover, retail players need to prepare for E-Commerce business which presents high growth lately. (Source : EIC Outlook Q2/2018) Performance Analysis
further business expansion from rapidly growth of demand for loans and comply with the new requirement of D/E ratio issued by Financial Regulatory Department (FRD) in Myanmar. Details of Capital Injection
expected to be obtained by the listed company The Company expects that the acquisition of UWT will increase the Company’s revenues in the future due to the business synergy including the growth stategy as