Microsoft Word - Draft MD&A_E Q3_2561_9.11.18 Management Discussion and Analysis: MD&A 1. Company Situation The company’s revenue for Q3/2018 has greatly increased compared to the revenue for Q3/2017

150.25 13.61 Liabilities 354.46 204.06 150.40 73.71 Shareholders 'Equity 899.62 899.77 -0.15 -0.02 The cause of the company's financial situation changed 1. The Company's total assets as of September 30

affected by the COVID-19 pandemic, resulted in the sluggish fatty alcohols market’ s purchasing power. Despite, COVID-19 situation has partially recovered, it could not totally return to normal situation in

interest bearing debt to equity is 0.68 times. Management Discussion and Analysis Q2/2020 Page 5/6 Forward Looking Q2/2020 is a significant adjustment for the Company's business under the COVID-19 situation

than both Q1/2019 and Q4/2019. Without the spread of COVID-10, the Company believe that our revenue would grow more and be able to make profits. However, despite the COVID-19 epidemic situation, the

61 3 5% 128 125 3 2% 4 / 5 • Regarding to COVID 19 situation, it impacted in both positive and negative to group company, the total gross profit for 3-month period ended June, therefore, are still 5

quarter after the BoT measure became effective. In order to maintain sales of real estate to be the same level as the previous year, MK revised the business strategies to match with the current situation

onwards to prevent the spread of the virus. As a result, the sales revenue Sabina Retailer, which is expected to be sold in March 2020, is lower than the company's target. Such situation ,the company has

September 2019 and 30 September 2018 equals 215 .46 million baht and 262 .57 million baht, a decrease of 47 .11 million baht, representing 17 .94%, respectively, from the trade war situation affecting

services of THB 0.48 million, decreased by THB 0.10 million or -17.08% YoY as clients in property development sector cut their media spending due to the situation of Coronavirus disease 2019 (COVID-19