Company has acknowledged the situation and adjusted the strategy and marketing plans accordingly to minimize the impact, by focusing in expanding the customer base and emphasizing in online channel

quarter and some of the large project in 2021. In addition, the Company was less impacted by the COVID-19 situation in Q1–2021 than those in Q1–2020. Many customers in that period had postponed the delivery

, decreased by THB 0.09 million or -53.93% YoY as clients in property development sector cut their media spending due to the situation of Coronavirus disease 2019 (COVID-19) outbreak. In addition, gross loss

markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors, which in turn dampened domestic spending sentiment. The situation adversely affected the government’s

equities increased by 6.2% from the end of 2018 to Baht 29,462 million as of September 30, 2019, primarily due to an increase in retained earnings during the period. • As a result of the foregoing, net

of 2018 to Baht 60,387 million as of December 31, 2019, primarily due to the short-term borrowing for project acquisition. • Total equities increased by 39.4% from the end of 2018 to Baht 38,677

borrowing for project acquisition. • Total equities increased by 3.0% from the end of 2018 to Baht 28,583 million as of June 30, 2019, primarily due to an increase in retained earnings during the period. • As

in future situation such as oversupply situation and tense competition. GFPT Public Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2018 Page 9 of 11 Consolidated

return of program rights? There was no damages from this situation because the Company agreed to accept the return of program rights that have not been broadcasted. Moreover, the said major customer

business, conducting in the business of mobile phone distribution and its accessories, has adjusted the operational strategy to focus on creating operating profits under the competitive situation and the