) Management’s Discussion and Analysis | 2 Executive Summary In 2017, palm oil production in domestic and international market had improved since recovery from drought causing by El Nino effect in 2016. As palm

of rain-storage system, purifying machine by UV for water in manufacturing process, and water system installation and water treatment project, etc. Despite of revenue from projects decreased, revenue

product sales approx. 71%:29%) • Finished or intermediate products, which can be categorized as follows: • Online sales and Head office pick up • OEM/Food Manufacturing under the Company’s trademark or per

increase awareness and accessibility of the brand. Branch expansion and pop-up store will continue to be 2020’s directions Enhancing customer experience through digital platform In 2020, After You will be

having a common director(s) with major shareholder. Letter of Intent / Memorandum of Understanding is signed with Christiani & Nielsen Energy Solutions (“CNES”) to provide services of designing

(Contract Manufacturing Business: CMG) ภาพรวมลดลง 13% YoY ทัง้นี ้สามารถแบง่สดัสว่นการขายตามประเภทธรุกจิและภมูศิาสตรไ์ดด้งันี ้ ยอดขายตามประเภทธรุกจิ  ยอดขาย Brand 683 ลา้นบาท เพิม่ขึน้ 5% YoY  ยอดขาย CMG

สัญญาและรับจา้งผลติ (Contract Manufacturing Business: CMG) ภาพรวมลดลง 13% YoY ทัง้นี ้สามารถแบง่สดัสว่นการขายตามประเภทธรุกจิและภมูศิาสตรไ์ดด้งันี ้ ยอดขายตามประเภทธรุกจิ  ยอดขาย Brand 683 ลา้นบาท

building and a THB 35 million investment in factory operating systems. The expansion will allow After You to achieve better operational efficiency, lower costs, better quality control and more production

trade war while Thailand was the production base for export about 50 percent of vehicle manufacturing. The sales of a new subsidiary company mostly came from Copper and Aluminum whereas stainless products

one position in functional drinks market for four consecutive quarters since Q3’18. Despite C-Vitt’s supply constraint as the production line undergoing maintenance for debottlenecking during May’19