. Overall market environment The Thai economy for the first 9 months of 2019 grew at a slower pace from both the domestic and external demands. Private consumption slowed down in almost all categories

through the industrial market. This is in respect to the fairly high degree of competition in the industrial market, and the 4th quarter was a High Season for fuel consumption. As well as, late in the

TRANSLATED VERSION Codified up to No. 2 As of June 12, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. 2 13

TRANSLATED VERSION Codified up to No. 2 As of June 12, 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

conjunction with the consolidated financial statements and notes to financial statements. If not defined otherwise, all financial information presented in this document are in Thai Baht. The company presented

last year. Meanwhile, imports of Hot Rolled Steel decreased by 14% and Domestic Production increased on 11.5% compared to same period last year. The trade war between USA-China, high imports due to

restaurants and bars, café’, banquet room, meeting rooms and other hotel’s facilities. Revenue from property development operations through sales of residential projects in both low rise and high-rise

and December 2021 respectively and opening of Mitsubishi and Ford showroom in April 2022 and August 2022 respectively. Ford also launched a new model in Q3 2022 which help boost sales. In Malaysia, high

, high level of capacity availability, and significant advances in the consistency of our products. Parallel a shift is taking place in the corporate culture, that our improved health and safety record

one in October at The Mall Bang Khae. Luggaw is a fruit-focused brand that sells a variety of products made from Thai fruits. In 2023, the Company plans to open 2 additional Luggaw branches in Bangkok