fragile, others remained mired in uncertainty in terms of new modes of competition, a broader marketplace within the ASEAN Economic Community (AEC) and the digital age, along with external changes

2020 1 1.2 Banking Industry and Competition 2 1.3 Significant Regulations and Rules related to Business Operations 3 2. Risk Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk

(after rounding to 2 decimal places), whereby the Company will waive the right to subscribe the newly issued shares in proportion to its shareholding in the Subsidiary (either ordinary or preferred shares

attending the meeting and having the right to vote; in this regard, since the Company will, as consideration of the entire business transfer, issue and offer the newly issued preferred shares of the Company

businesses related to its core business. Silom Road Limited, Mr. Viroj Tangjettanaporn and Mrs. Tuenjai Purintaraphiban do not carry out a business in any manner similar to, or in competition with the business

to adjust downward. Especially, sales through the industrial channel which has severely affected, as such the industrial market has high degrees of competition. 2. The Marketing Business Group recorded

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