future. Business wise H1 2019 was challenging particularly in the most recent quarter. Business sentiment in multiple industrial segments important to us has been impacted by the macro economy and the

costs as our fuel expenses have increased in recent months in line with the general trends on the solid fuel market. The operational efficiency improvement projects will along with fixed cost discipline

THB 4,821.37 million. The minor drop in shareholders’ equity of 3.24 % was mainly due to declining retained earnings as a result of the recent dividend payment in May. Financial Ratio Financial Ratio As

reflects in the recent partnership with Lagardere travel retail, a pioneering global leader in the travel retail industry including duty free shop and retail stores in airports, train stations and travel hub

COVID-19 pandemic Due to the outbreak situation of the COVID-19 virus as well as the government’s recent decision to activate the state of emergency by travel restrictions and the closure of venues

recent dividend payment and net loss during the year. Financial Ratio Financial Ratio As of December 31, 2019 As of March 31, 2020 Liquidity Ratio (times) 23.97 12.15 Debt to Equity Ratio (times) 0.04 0.11

effective system to prevent such conflict; and (b) the most recent financial statement of the applicant shall be audited with an opinion of auditor approved by the SEC Office. 6 Amended by the Ministerial

disclosure of financial information as categorized by business units, the income structure of the most recent year may be displayed instead. (For example, Business A and Business B generate 65 percent and 35

financial statements in accordance with the accounting standards on disclosure of financial information as categorized by business units, the income structure of the most recent year may be displayed instead

which was the most recent financial statement prior to the date of the transaction. Consequently the Company’ s Board of Directors' meeting No. 7/ 2016 on June 29, 2016 had approved such related