result, Private investment has declined dramatically while the Tourism sector has not yet recovered. The overall economic support comes from the government spending. Both fixed expenses and capital

strong across-the-board growth. The business sector remained challenged by new modes of competition amid the advancing digital age and the rapid pace of technological advancement, together with the

since 3Q18 and is continuing this practice. Overall, we believe that with promising opportunities in new growth engine segment, supported by well- established existing busineses, IVL portfolio is poised

distribution in other potential countries of Africa, Americas, and APAC. For domestic market, substitute products from importers got flooded as strong Thai Baht made overall imports cheaper causing intense price

6 months of this year. This caused most developers to delay launching new housing projects as well as speed up the sale of housing inventory. Unavoidably, these created price competitiveness among the

reviewQ217 penpimol.xlsx Management's Discussion and Analysis Second Quarter ending 30th June 2017 Overall Group Performance Hana Microelectronics Group 'Hana' Sales Revenue increased 10% year on

million, respectively, resulting in an overall growth rate 13.7%. The revenues from in-patients were Baht 305.36 million and 363.19 million respectively, which increased by 18.9%. The revenues from out

reviewQ317 penpimol.xlsx Management's Discussion and Analysis Third Quarter ending 30th September 2017 Overall Group Performance Hana Microelectronics Group 'Hana' Sales Revenue increased 9% year on

Resig ange of the d he Extraord nd Manager Exchange o for Report ittee (F24-1 ectors’ meet 12/2017 (t ions as follo ged the res t of new dir ntment of M mittee to repl ntment of M ura; ive from Jan he

Management's Discussion and Analysis First Quarter ending 31st March 2019 Overall Group Performance Hana Microelectronics Group 'Hana' Sales Revenue decreased 1% year on year at THB 5.1 billion for