price or volume of AJD shares to be incompatible with the normal market condition. 26/12/2019 filed a lawsuit to a civil court21/03/2019 referred the case to a state attorney for filing a

the price or volume of AJD shares to be incompatible with the normal market condition. 26/12/2019 filed a lawsuit to a civil court21/03/2019 referred the case to a state attorney for filing a

trading securities on a continued basis with an intent to cause the price or the volume of such securities trading to be inconsistent with the normal market condition. for more details please see SEC news

securities on a continued basis with an intent to cause the price or the volume of such securities trading to be inconsistent with the normal market condition. for more details please see SEC news No. 22/01

commodity price. However, Thai economy in Q4/2018 will be expanding with demand in domestic and foreign. 3. WATER SITUATION As of 2 November 2 0 18, the water supply situation in Chonburi and Rayong province

(FSMART) 1Q2020 Management Discussion and Analysis 2020 Management Outlook The Covid-19 pandemic has affected economic condition worldwide including Thailand, which severely decrease revenue of both

reckoned when compared to the revenue of Q1/2019. The reason behind this revenue direction may be from the expanding of COVID-19 outbreak, causing some businesses’ alarmed condition, delayed investment, or

situation in Thailand in 2017 is in a state of omission, festivals and entertainment media, as a result, and the advertising business has been affected both directly and indirectly. In 2018, the advertising

referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business

1 / 4 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year ended 31 December 2019 • Explanation and