rate in 2009 following the Hamburger crisis. The Committee assessed that the Thai economy would expand at a lower rate than previously assessed and lower than its potential due to a decline in exports

through franchise models • Focus on regional branch expansion throughout major cities in order to create opportunities to capture more customers • Target to expand to total of 100 branches by the end of

IC division. However, there is a 3 to 6 month time lag due to the ordering lead time. Plant expansion will depend on the current building utilisation and lead time to construct new plant or expand in

overall sales performance for the third quarter has improved from the previous quarter, especially in greater Bangkok and the big cities. This is in line with the improvement in the Thai economy, which has

the Compan al statement r of 2016 a e of net p ed account s net profit ar. This rep 7. Thus, the Q bts of ivable ed 017 ited cussion and nge of Thai ces PCL. ( statements r ending 30 esults can b ny and

a 3 to 6 month time lag due to the ordering lead time. Plant expansion will depend on the current building utilisation and lead time to construct new plant or expand in an existing plant. Source of

30 July 2019 At: ACC/HO 017/19 Re: Management Discussion and Analysis for the Quarter of 2/2019 To: President The Stock Exchange of Thailand In the second quarter of 2019, the Thai economy inclined

of 2019 (a copy in Thai and English) 2. Management Discussion and Analysis (MD&A) for the second quarter of 2019 (a copy in Thai and English) 3. Company's performance report, Form F45-3 for the second

26 July 2018 At: ACC/HO 021/18 Re: Management Discussion and Analysis for the three-month period and six-month ended 30 June 2018 To: President The Stock Exchange of Thailand The Thai economy

the Company and its subsidiaries as follows: Thailand Economic Q3/18 review and outlook Thailand economic in the third quarter of 2018 continued to grow from strong expansion of Thailand’s export sector