economic growth, equipped to weather global economic volatility and regional competition. We will focus on enhancing market quality, building credibility, and elevating governance standards to ensure that

shall affect the validity of the transfer of the entire business under the Entire Business Transfer Agreement, nor shall there be any legal actions or proceedings by any person to challenge the execution

business under the Entire Business Transfer Agreement, nor shall there be any legal actions or proceedings by any person to challenge the execution of the transaction as indicated in the Entire Business

) Property Development Business still facing with a challenge. However, the management team is well aware to expand business to enhance more revenues and margin. Thus, you have been informed for your

percent from previous year, compared with the net profit of Baht 208.18 million in previous year. This is due to the higher intensive competition in stainless steel pipes aluminum and copper in the market

and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

competition in a restaurant business and a continuous economic slowdown in both counties. In 1Q18, the Company generated revenues from the food and bakery wholesales in the amount of THB 145 Million which

competition and resulted into slower sales in B2B as well. Adopting to the changing consumer behavior where consumers are transitioning to apply technology for their purchases, the Company is expanding its

profit margin of the certain residential projects was also decreased as a higher competition. The decrease in sales and slightly increase in gross profit margin in 1 and 2 make a decrease of 2,273.79

to the Group company has reorganized the structure to be more flexible and to increase ability and efficiency in business competition. Loss on temporary investment Loss on temporary investment amounts