the change in estimated useful lives of such assets that has been recorded in the interim financial statements for the three-month and six- month periods ended 30 June 2020 and issued an unqualified

the three-month and six-month periods ended 30 June 2020 and issued an unqualified conclusion on such interim financial statements. Management Discussion and Analysis Quarter 2 Ending 30 June 2020 G

activities and spending. The situation has led to an adverse economic effect on individual and business across various sectors, so Thai government has issued measurements such as cash subsidy payment and

when comparing to the same period of the previous year. For the financial cost which increased, this caused by the Company has recently issued and offered the debentures in June in the amount of Baht

Increase (Decrease) % June 30, 2020 December 31, 2019 Asset . . . 4.56% Liabilities 441.98 . 80.03 22.11% Shareholders' equity 365.77 . (44.80) (10.91%) Issued and fully paid-up common share (Million Share

THB 888.0 mm and issued net additional bond of THB 482.5 mm. As a result, the first quarter of 2020, interest bearing debt of the Company increased by THB 1,370.6 mm for liquidity management and the

66.81 8.65% Liabilities 435.75 361.95 73.80 20.39% Shareholders' equity 403.58 410.57 (6.99) (1.70%) Issued and fully paid-up common share (Million Share) 565.14 565.14 - - Par (Baht) 0.50 0.50 - - 4.1

Issued and paid-up share capital 1,316.25 1,316.25 - 0.00% Premium on ordinary shares 264.33 264.33 - 0.00% Surplus - warrants 310.00 310.00 - 0.00% Retained earnings (1,824.19) (1,624.52) (199.67) 10.95

2. Current portion of debenture decreased Baht 400 million by fully repayment of bond on June 12, 2020. Then, the company issued and offered new bond (Name-Registered Certificate of Unsubordinated and

administrative expenses compared to the total revenue have continuously decreased when comparing to the same period last year. For the financial cost which increased, this caused by the Company has recently issued