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

adverse economic situation led to a cautious consumer spending across customer segments. However, the Company expected total usage amount to continue to recover from 2nd quarter of this year. The Company

, Revenue from Hotel Business was THB 1,298 million, an increase of 1.6% yoy, mainly from continuing growth in owned hotel in overseas even adverse impact from FX translation and revenue from Elite Havens as

sale of bonds may be in contrast to the public interest or national policy; (3) the offer for sale of bonds may cause an adverse effect to the credibility of the Thai Capital Market as a whole; (4) the

year. As a result, same-store utility cost increased 3.2% YoY, which was lower than the increase in electricity Ft rate, and partly down to CPN’s continuous effort to conserve energy usage. Hence, the

partly down to CPN’s continuous effort to conserve energy usage. Hence, the cost-to-revenue ratio is expected to be similar to the magnitude of last year amidst the increasing trend of electricity Ft rate

2020 MD&A 6  We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement

found the material adverse effect to the business transfer transaction and as of the business transfer date and there is no any event, circumstance or change that has or reasonably likely to have a

); and 2 (3) there is no material adverse effect on the business status, operating results, assets, and/or financial status of TBSP. In addition, after being granted approval from the shareholder’s meeting

Protection Act which came into effect in 2019. The increase was also driven in part to the adverse impacts of foreign exchange fluctuations between the U.S. dollar and the Euro under our food segment. The