exports to reduce from the previous year. Furthermore, the sale of goods to foreign countries has been affected by the continuous appreciation of the Thai baht. Domestic consumption trend continues to

= Translation = Management Discussion and Analysis for Interim Business Operations The Information of Share Capital Registration and Entire Business Transfer The Company registered the change of

advance or installment loans (AEON Happy Pay). Thus, the Company provides more channels to facilitate financial services to customers and reduce Company’s operation cost. Moreover, loan income from AEON

Profit 223 280 26% 583 756 30% EBITDA 111 148 33% 288 396 38% Net Profit (Loss) for the Company 54 83 54% 131 210 60% Gross Profit Margin (%) 66.0% 65.4% (0.6%) 64.8% 66.1% 1.3% EBITDA Margin1 (%) 32.6

such as the closure of some businesses, temporary reduce or change the working hours and the implementation of social distancing. These situation and measures have widely impacted the world economy many

, reduced by 85,263 tons QoQ and reduce by 142,998 tons YoY. In Q1/2018, the company produce for GJ Steel’s tolling 203,199 tons. The company start produce for tolling service from mid of 4 th quarter of year

Report of the Acquisition or Disposition of Securities (Form 246-2) 2.1 (     ) Acquisition (  ) Disposition (     ) Through the Stock Exchange of Thailand via a securities company

Company Limited (the “Company”) would like to inform management discussion and analysis for its results of operations from the financial statements for the three-month period ended 30 June 2019 as follows

Company which shall encourage the Company’s operation. Moreover, this is counted for the expansion in renewable energy business in order to reduce business risk and meet the objective of capital increase. 9

. Foreign tourists are considered to be the important target customer group of the Company and its subsidiaries. However, the Company has the policy to reduce such risk by distributing the target customer