easier to operate. In addition, the Company had delivered several large-scale projects in this quarter, such as the GDCC Service Expansion (VM) Trading Project of National Telecommunications PCL, the

private consumption and investment. However, economic expansion remains at risk due to higher cost of living, the rising of household debts amid an upward trend of interest rates, the increasing of interest

previous quarter attributed to continual expansion of public and private investments and private consumption expenditures in relating to the growth in tourism. However, the exports of goods and services have

project values than the previous quarter. This was partly due to the expansion of government investment expenditures regarding the distribution of transportation agencies. Many IT projects have been

costs to support the expansion of the team according to the number and scope of services that have increased. The mentioned additional services have been made available since June 2023 and clearly began

remained strong as banks continued to closely monitor credit quality and maintained high levels of capital fund and loan-loss provisions to facilitate credit expansion going forward. Credit Rating Land and

Company has planned to grow organically by investing in Greenfield projects. We focus on capacity expansion along the stream of our vertical integrated chicken production. Firstly, broiler farm operation

-term loans, and long-term loans. In the next 3- 5 years, the Company has planned to grow organically by investing in Greenfield projects. We focus on capacity expansion along the stream of our vertical

6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

relation to the Institution relocation to support the business expansion in the future. In FY2019, there was higher loss sharing from Dusit Hospitality Education Philippines Inc due to increase of