percent which came from the disposal of all shares held in Patara Fine Thai Cuisine Pte. Ltd. (“Patara”) and SK Catering Pte. Ltd. (“SKC”) totaling 11 Thai restaurants in Singapore in Q4 2018. In Q3 2019

work systems were in violation of Section 113 and the company was subject to the penalties under Section 282 of the SEA. As a result, the Settlement Committee imposed the fine of 1,101,000 baht on AEC

result, the Settlement Committee imposed the fine of 1,101,000 baht on AEC.  The SEC findings also revealed that Thada, AEC co-chief executive officer in charge of back office, and Pisit, AEC co-chief

driven by improving domestic economic conditions, bouyant exports and the tourism sector. The market expects private consumption to have expanded, with higher spending on durable goods – particularly

and electronic sector, while non-durable goods sector was marginally increase. Domestic demand slowly improved in all sector as regular income. As a result, domestic industries expanded and business

environment The Thai economy for the year 2019 exhibited a decelerating trend. Private consumption slowed down in almost all categories especially in durable goods from the contractions in vehicle sales partly

measures implemented to curb the outbreak. Durable goods segment also declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer

consumption slowed down in almost all categories especially in services segment: hotels, restaurants and transportations from the various measures implemented to curb the outbreak. Durable goods segment also

go into daily necessities and non-durable consumer goods having inelastic demands. • Liquidity in the company remains high with cash and cash equivalents of US$0.6B and unutilized credit lines of US

growth. However, the Company have new services - spray service to spraying chemicals into a fine mist size of 10-50 microns, named “Virus Buster” under Cherish Brand. 96% 97% 1% 4% 2% 2Q2019 2Q2020 Sales