categories especially in durable goods which showed significant contractions since the second quarter onwards from the contractions in vehicle sales. Key factors include the weakened household income and

especially in durable goods which showed significant contractions since the second quarter onwards from the contractions in vehicle sales. Key factors include the weakened household income and tightening of

September 30, 2019, the Corporate Group had no long-term debt obligation to comply with the terms and conditions of the loan agreement with the commercial bank. (6) Factors Having Impact on Future Operating

words or expressions are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could

respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors

some early impact as demonstrated by the rise in financial assets with significant increase in credit risk (Stage 2). The outbreak and its impacts are dependent on many on-going factors and are still

involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or achievements of the Company to be materially

statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the actual results, performance or

addition to the positive factors mentioned above, the new TFRS 16 - Leases caused another positive impact of Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 4 Baht 12 million to EBITDA

these forward-looking statements as a result of a number of factors. We do not undertake to update our forward-looking statements to reflect future events or circumstances. The information in these