E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...

. Our domestic performance has been strengthen by the product strategies that are not only limited to rolling out branded products by 3rd party manufacture, ranging from Drinking Water launched since the

markets. On March 23, 2019, Central i-City was opened for soft launched and celebrated a grand opening on June 15, 2019. Moreover, CPN is currently preparing an investment plan in Vietnam, a market with

Opportunity Given the COVID- 19 outbreak that is widely affecting and continuing, the Company has launched debt moratorium programs to support our debtors. However, although the relief measures would indeed

affecting and continuing, the Company has launched debt moratorium programs to support our debtors. However, although the relief measures would indeed affect the Company’ s revenue stream, the Company views

launched the 1st standalone WINNER store under a COCO (Company Owned Company Operated) format in Ratchaburi. It is a new concept of small furniture store focusing on tackling a new market segment, aiming to

that was being applied in 1Q2017. In addition, the government launched the policy to alleviate the domestic palm oil surplus level by asking fuel traders M.7 for collaboration to keep much higher

personal care revenues recorded at THB 678 million, an increase of 0.5% YoY). The growth driver were the continued success of Babi Mild from the momentum of Babi Mild Sweet Almond range launched in Q2’19 and

the new Khiang brand which was launched at the end of 2018. Furthermore, 2 new brands were opened at the end of 2019 to further enhance the variety of restaurants in the Group, these being Foo Flavor

as well as initiating pancake mix product and new year gift to enhance customer experience. Six flavors of Kakigori, two newly-invented toast, soft cookie, and two fresh beverages were launched