travel restrictions which affect the number of both Thai and foreign tourists. At the same time private consumption is in a declining trend due to the freeze in economic activity, while the purchasing

% in Q3, 3.8% through September 2017) and 0.7% q/q. This would result in 4% GDP growth for 2017 and with the close correlation of GDP to lime usage this is positive for the business. Q4 GDP growth was

decline in revenue from dessert café, which was attributed to the lower traffics in shopping malls and weaker consumption sentiment following COVID-19 concerns together with the closure of shopping malls

the full-quarter impact of the COVID-19 pandemic, the unrecovered household consumption, and the decrease of foreign tourists. Gross Profit and Gross Profit Margin • The Company’s gross profit in Q1

well as other marketplaces e.g. Shopee, Lazada etc. Industry Overview Thai economy in 4Q19 was slowdown. On the domestic front, private consumption indicators suggested expansion in all spending

revenue from sales because the sales volume decreases as steel domestic 's consumption was discouraged by economics and loss of sales opportunities related to a low level of stocks due to a limited

experienced moderate growth amid global economic uncertainty, driven by the expansion of private consumption and tourism sectors, while the purchasing power of the grassroots consumer remained challenging. AIS

consumption, boosted by inbound tourist- related usage. Subscriber growth aligned with domestic demand supported by effective quality acquisition strategy and superior network. Mobile ARPU continued growing YoY

market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 2 - HRC cash

problem of purchasing power and incomes which have not yet recovered. Furthermore the liability stayed in high level and this was slightly speeded up the consumption. Therefore, it affected the expense