8,997,822 Total non-current assets 1,721,248 16,695,835 32,480,953 Total assets 4,264,088 131,912,585 190,013,955 Liabilities and equity Trade accounts payable 27,770 24,700,650 36,575,723 Other payables

automotive exhausted pipes to automotive industry. 2 1.1 Revenue For the period of three months ended 30th June 2019, the Company and its subsidiaries had revenue from sales and service of Baht 719.81 million

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

) Co.,ltd. by holding 49 percent of total shares. As for the accounting year ended 31st March 2020 and 2019, the company and its subsidiary recognized share of profit by equity method of Baht 1.95

, net - 67 -100.0 - 173 -100.0 NCI - (3) 100.0 (3) (12) 75.0 Profit attributable to Equity holders of the Company 152 3,118 -95.1 660 3,977 -83.4 Basic earnings per share (Baht) 0.01 0.20 0.04 0.26

expiring relief packages and (4) the rising political uncertainty Meanwhile, in the auto industry, the total number of car sales for the first eight months of this year stood at 456,872 units, contracting by

economic slowdown. According to the Bank of Thailand data, at the end of December 2019, the credit card industry reported the total numbers of credit card industry amounted to 23.6 million cards, has grown

Global and Thai Economy in the Third Quarter of 2019 1 1.2 Banking Industry and Competition 2 1.3 Significant Regulations and Rules related to Business Operations 2 2. Risk Management and Risk Factors 5

liabilities 2,894 22.3% 6,844 41.6% 3,950 136.5% Total Liabilities 9,013 69.3% 11,780 71.6% 2,767 30.7% Total Shareholder’s Equity 3,990 30.7% 4,664 28.4% 674 16.9% Management and Discussion Analysis FS2017

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