financial liquidity and the cash flow for debt repayment and business operation, as the Company has continuous loss. Thus, the Company considers the business restructure of the Company’s group, whereby the

| 2 Executive Summary In 3Q/2019, overall palm oil production and crude palm oil (CPO) inventory remained high in both domestic and international market, thus crude palm oil (CPO) and crude palm kernel

2018. As per ISIT the Domestic capacity utilization was thus reduced to 29% in 2019 compared to 37% in 2018. To regain the market share and reduce imports, the Company had to resort to very competitive

domestic CPO of 488,428 tons compared to 188,663 tons in 1Q2020. Thus, the government ordered EGAT to open bidding for CPO suppliers with the remaining approved amount P a g e | 7 - Management Discussion and

16 since 1 January 2020, which caused higher depreciation and interest expenses, thus lower a net profit by Baht 6.3 million  The Company has not yet started another tax benefits approximately Baht

Exchange of Thailand re: information disclosure and actions required of listed companies in relation to an acquisition or disposition of assets, B.E.2547 (as amended) thus based on total value of

referred as “Notification of Related Transaction”). Thus the Business Design for Carnival Magic Project is considered as a related transaction under the Notification of Related Transaction. The size of such

) (altogether referred as “Notification of Related Transaction”). Thus the Business Design for Carnival Magic Project is considered as a related transaction under the Notification of Related Transaction. The size

dated 19 November 2003 (as amended) (altogether referred as “Notification of Related Transaction”). Thus the Business Design for Carnival Magic Project is considered as a related transaction under the

Iran after the country was previously sanctioned before the US revoked the sanction of the 8 countries, thus leading to excess crude supplies in the market. In addition, the bearish US stock market