Malee Group Public Company Limited and Its Subsidiaries Management Discussion and Analysis For the year ended 31 December 2019 1. Year 2019 Highlights Figure 1: Quarterly results  In Q4/2019, the

of the Company in Group of Hypermarkets such as Tesco Lotus, Big C, Home Pro, etc. are needed to close their shops according to the Government’s rule. Moreover, the decrease of sales revenue

Venture Ureka UU co., ltd Advisor SP Water Group co., ltd. 3. General characteristics of the investment The production and sales project of water to the Provincial Waterworks Authority, 2 projects, has a

to the same period of the previous year. The main reasons was the weaken sales due to the impact of trade wars that have the broad impact on global supply chain and through Thailand's exports. As such

on May 2013. It was simplified for users to easily understand and was adjusted to be applicable for Thai listed companies. The main questionnaires in the evaluation form are classified into 5

purchase receivable increased by 9%. The main assets were attributed to the portfolio of net account receivables which shared 99% of total assets. - Account Receivables The Company has account receivables of

, stable from 95,207 million baht as of February 28, 2023. The main assets were attributed to the portfolio of net account receivables which shared 99.5% of total assets. - Account Receivables The Company

, reducing 3% from 95,207 million baht as of February 28, 2023. The main assets were attributed to the portfolio of net account receivables which shared 99% of total assets. - Accounts Receivable The Company

office at No. 77/1 Soi Ruam Sirimitr Chom Pon, Chatuchak, Bangkok. The main objective is to operate business in online teaching media and education guidance in relation to the preparation for university

the operations of the Company’s group as opposed to having both companies operate separately in Malaysia. The VGM Share Sale Transaction is an internal shareholding restructure of the Company’s group