been as expected while the current take-up rate was circa 95%. Significant Events Previously, the Company’s Board of Directors approved the initial public offering (the "IPO") of ordinary shares of S

potential impact from exchange rate fluctuation. Source : Bank of Thailand Cost of sales and expenses Cost of sales In 2019, cost of sales accounted for 79.5% of total sales, higher than that of 2018 and 2017

from data analytics, enabled banks to target, attract and engage customers using more sophisticated techniques. Banks cooperated with potential partners across industries to gain new opportunities and

support exports, and potential fiscal stimulus would have a positive impact on lime consuming segments of the economy. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD

further to other potential countries and is in the process of conducting market feasibility studies in certain markets. Apart from that, the Company was adversely affected by the compliance with the new

increase of 232 million baht or 4% from last year. This was due to the Company has cooperated with many high-potential leading business partners to increase member base such as issuance of AEON M GEN Visa

connected transaction and the acquisition and disposal of assets in respect of the acquisition of Kinpo Electronics (Philippines) Inc.’s shares by Company’s subsidiary and a waiver of the Company’s rights

derived from the expansion of medical and excellence center, the enhanced ability as well as the acquisition of high-growth potential hospital(s). 8. Opinion of the Board of Directors The Board of Directors

income ection and ot ntal and serv al revenues st of Sales st of Services st of rental an ss Profit Discussion and c Company Lim 015 Manag Presid The St g to Jaymar 9 Novemb any and th s already be pany’s

MHNK project to the customers and recognize continuously the revenues as planned and also the proceeds from selling the available unsold units of RCR and Nimit’s Project to potential purchaser. The