, 2020 Subject Management’ discussion and analysis for the fiscal year ended December 31, 2019 To President The Stock Exchange of Thailand Interpharma Public Company Limited ( “ the Company” ) would like
., Nongeiroon, Banbueng, Chonburi, Thailand 20220 Tel. 038-160707 Fax. 033-047348 www.ndrubber.co.th No. NDR003/2020 27 February 2020 Subject: Management Discussion and Analysis (MD&A) Report for Business
decreased compared to the 6 months period of prior year from 107.56% to 103.79% in the 6 months period of 2017, presenting the improvement on cost of service management. Selling expenses For the 3 months
revenues from medical services decreased compared to the 9 months period of prior year from 106.77 % to 100.92 % in the 9 months period of 2017, presenting the improvement on cost of service management
. However, Return on Equity slightly declined from 14% to 13.7% due to lower debt and more reliance on internal operating fund. From the financial risk perspective, debt to equity ratio decreased from 0.5x to
by 8,500,000 shares (“Seller Group”). The Seller Group has no relationship with management, directors, major shareholders, and controller of the Company and its subsidiaries. Ferrum Energy shall
intends to share the branch manager with other full-service branch offices such securities company shall submit the application together with document evidence showing the details of management plan and
offices such securities company shall submit the application together with document evidence showing the details of management plan and supervision of the operation of the full-service branch offices