amounted to THB 1,638 million increased by THB 63 Million or 4.0 % driven by existing market especially CLMV. Sales to CLMV amount to THB 1,313 million, rose by THB 493 million, or 60.1% :(i) as the local

) as the local trade partners expanded their distribution coverage as well as adopted effective promotion campaigns in relation to the Group’s official football sponsorship status in their own

) as the local trade partners expanded their distribution coverage as well as adopted effective promotion campaigns in relation to the Group’s official football sponsorship status in their own

กระทําผาน local intermediaries ของ host regulator2 ทั้งนี้ เงื่อนไขในการ exemption หรือ fast track regime ตาม (1) นัน้ ACMF ไมไดกําหนด แตใหขึน้อยูกบัการกําหนดของ host regulator ตัวอยางเชน 1

the regional production hub remains strong, but also reflected the potential and strength of WHA Group’s industrial estates, which can fully support the needs of both local and international customers

, supermarkets were under the restriction of operating hours while convenience stores was declined due to Thailand tourists inbound restriction and also curfew that declined local customers and tourists. 2

INDORAMA VENTURES PUBLIC COMPANY LIMITED 75/102 Ocean Tower 2, 37th Floor, Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand Tel. 02-661-6661 Fax. 02-661-6664 www.indoramaventures.com ที่

w w . g e t a b e c b o i l e r . c o m GETABEC Public Company Limited, 335/7 Srinakarin Road, Nongbon, Pravet, Bangkok 10250, Tel: (66) 02 366 0400, Fax: (66) 02 366 0399, www.getabecboiler.com ที

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 24 February 2020 No. ZEN 2563-003 Subject Management Discussion and Analysis for

1 Zen Corporation Group Public Company Limited 662 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 24 กมุภาพนัธ ์2563 ที่ ZEN 2563-003 เรื่อง ค ำอธิบำยและวเิครำะหผ์ลกำรด ำเนินงำนของ