Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

Group’s inventory as at September 30, 2019 accounts for 25.94 percent of the total assets, of which 20.79 percent are finished products, 21.45 percent are work in progress and 45.67 percent are raw

after debt for capex and investments in progress that are not generating revenue and earnings as on date given. Figure 1 :Repayment Schedule of Long Term Debt 1 Includes various projects underway which

1,200 - 1,500 million per year. However, this expansion plan can be adjusted depending on changes of future situation. Progress of fire accident According to fire accident which affected production

, interest income from POCI also increased during 1Q21 yoy from the progress in resolving POCI loans. Interest expense totaled Baht 985 million, a decline of 24.3% yoy, with cost of funds declining further to

payments for constructions and purchase of fixed assets decrease by Baht 99.7 million from Krabi Solid Waste Power Plant, which progress is done in December 2020. Rights to service under concession

summary of the risk management or allocation of IT resources in a year, etc.; (b) any progress of the IT project (if any); (c) any compliance with the regulations, rules or agreement made with external

overall construction progress of Carnival Magic Project is going according to the plan despite the setbacks from Phuket’s weather in 2017 with more rains compared to other years. In addition, the shortage

of the risk management or allocation of IT resources in a year, etc.; (b) any progress of the IT project (if any); (c) any compliance with the regulations, rules or agreement made with external parties

Revenue Structure ILM operates as a retailer of furniture and home furnishing products. The Company‘s sources of revenue can be divided into 4 main businesses as follows: Retail Stores 76.3% Projects 12.9