year, the net profit of the Corporate Group increased by 1.56 percent. This was due to expansion of distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled

showing an expansion with sales for the first five months totaled 437,722 units, growth of 9.1%. The passenger vehicle and commercial vehicle segment expanded by 11.7% and 7.5% yoy respectively with growth

high level of household debt limiting household consumptions. Meanwhile, in the auto industry, the total number of car sales for the first six months of 2019 still showed an expansion with sales for the

entering into the transaction of acquisition and disposal of assets and the connected transaction To President The Stock Exchange of Thailand Enclosure Information Memorandum on the Acquisition and Disposal

growth in all major segments together with gross margin expansion. - Q1’20 Revenue from sales grew by 5.0% YoY, amounting to THB 6.7 billion, driven by the growth in all major segments particulary

and EP dated 31 July 2020 are satisfied in order to be the transferee of the all sale shares of RPV. In this regard, such transaction is deemed to be a disposal of assets under the notification of the

% Reversal of Impairment of Assets -3.6 -0.4% 0.2 0.0% 3.8 105.6% Profit from Dispose Investment in 0 0.0% 27.3 2.9% 27.3 n.a. Management Discussion and Analysis (MD&A) for 2019 Page 2/5 2018 2019 YoY Mio

of 2017 continued to recover, primarily supported by the expansion in exports and tourism. Exports registered an 8.0 percent growth year- on-year as a result of higher exports of various types of goods

%. Domestic sales decreased by 9.24% due to the decrement in sales volume of B2B and local distributors while export sales increased by 11.24% from a successful of distribution expansion in China. The Company

448.6 Mn in 2018, an increase of THB 25.1 Mn or 5.9%. This increase was mainly due to staff increase to support the future business expansion and higher accrued staff bonus. As a percent of total revenue