recorded at THB 105 million, a decrease of THB 105 million from 1H2019. P a g e | 4 - Management Discussion and Analysis 2Q2020 - As of June 30, 2020, the Company has total assets in the amount of THB 12,496

1 August 17, 2018 Subject: Capital Increase for Offering for Sale to Specific Investors (Private Placement), Connected Transaction, Amendments to Articles of Association/Objectives of the Company and

% YoY and 8% QoQ, since fundamental factors supporting the overall purchasing power remained soft and did not cover all areas, especially in the low income consumers, although overall private consumption

as Trans.Ad Group where its business is operating in a manner similar to a contractor and relies on a relatively greater proportion of high cost assets such as computers, software and installation, our

the same period last year, respectively. Meanwhile, private consumption increased gradually, as a recovery in purchasing power remained tepid. Private investment has shown signs of improvement

quarter of 2018 continued to grow year-on-year on the back of buoyant domestic demand. Private consumption continued to gain traction, supported by improvement in income and employment. Furthermore, there

global trade volume affected by trade tensions and the impact of structural changes in the Thai economy on export sector. Public expenditure and private investment would expand slower than the previous

construction phases for eight projects with a total value of Baht 171 billion. In addition, the government pushed forward its policies to help the grass roots, such as the “Public-Private Collaboration” scheme

prices as well as the decline in public and private consumption. The tourism industry, especially in the hotel, transportation and restaurant businesses, was hard hit by the impact of COVID-19 outbreak

growth in domestic market at 3.4%, was due to last year forward stock into Q1’18 to prepare for the company name change from private to public company. Joint-scheme with BNK 48 helped uplifting Twelve Plus