trade war between United States of America and China which affected continuously to petrochemical industry. 2. Gross profit was Baht 37.17 million which decreased Baht 37.39 million or 50.14% from the

Langsuan Company 8,000 187 171 6,914 91 - 2019 Windshell Naradhiwas YLP 3,000 36 10 792 28 - 2019 Country Company-operated Stores Licensed Stores Total United States 6 - 6 United States (Hawaii) - 2 2

December 2019 To: Managing Director of the Stock Exchange of Thailand Business Overview In 2019, the impact of trade war between the United States and China, together with the global economic slowdown caused

40600 ถนนแอนน์ อาร์เบอร์ อี เอสทีอ ี201 เมืองพลีมธั รัฐมิชิแกน 48170 ประเทศ สหรัฐอเมริกา (40600 Ann Arbor Rd. E. Ste 201, Plymouth, Michigan 48170, the United States) โครงสร้างเงนิทุน ทนุจดทะเบียน

นักงานใหญ่ 40600 ถนนแอนน์ อาร์เบอร์ อี เอสทีอ ี201 เมืองพลีมธั รัฐมิชิแกน 48170 ประเทศ สหรัฐอเมริกา (40600 Ann Arbor Rd. E. Ste 201, Plymouth, Michigan 48170, the United States) โครงสร้างเงนิทุน ทนุจด

same period of last year, from 5 subsidiaries established in the United States, Vietnam, Indonesia, Qingdao, and Ningbo, China with total income of 78.88 million baht resulting in an increase in gross

construction company Ranked by ENR Magazine, the leading construction magazine in the United States as the 36th top construction company in the world 4. Other income, in the period of the first quarter of 2020

Company has begun to receive more orders since the end of June 2020. This was due to a significant increase in orders from customers in India, China, and the United States. This helped to compensate for the

since 2007 with an average usable lifetime of 2-12 years; most are machinery were produced and imported from Germany, and some from United States of America, Japan, and Thailand. The Company ceased

should support its hotel revenue growth in Guam despite an escalated political tension between North Korea and The United States. Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 8 Middle