immediately transfer the land ownership to the Company, therefore the Company decides to use the borrowed fund to pay for the Land at On-nut to decrease the risk of delayed payment and the change of no-return

. The Committee viewed that the Thai economy would expand at a slower rate in 2020 than previously forecasted and much further below its potential due to the outbreak of coronavirus, the delayed enactment

business due to the seasonal epidemics and diseases that come with the rain, lead to an increase in medical service utilizations. Moreover, the Company believes that demand for medical services that delayed

including utility bills and tax campaign which temporarily stimulated the private consumption. Nonetheless, inherent risks lay in structural challenges such as high household debt, delayed government budget

itself focus on the core businesses, based on the group of the Company’s genuine knowledge and expertise, involving printing media, organizing related activities, television media business, in the category

COVID-19 since the beginning of 2020, the expansion of overseas franchise Index Living Mall stores has been delayed by 1-2 quarters but still expected to be completed this year, when the situation of

demand.Private consumption plummeted due to increasing unemployment, lower household income and higher household debt. Some business sectors have delayed investments in order to maintain some liquidity, and this

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

. Besides, this decision conforms to the Company's policies in having itself focus on the core businesses, based on the group of the Company’s genuine knowledge and expertise, involving printing media

1 ( Translation ) Ref. NEP146-2017 October 25, 2017 Subject : Resolutions of the Board of Directors approving the capital decrease, the capital increase, the allotment of newly issued ordinary shares to investors in private placement, the acquisition of assets and convening the Extraordinary General Meeting of the Shareholders No. 1/2018 (Revise 3) To : President, The Stock Exchange of Thailand Attachment : 1. Capital Increase Report Form (F 53-4) 2. Information Memorandum in relation to the al...