2020. Sales of retail merchandise in the 2nd quarter of 2020 grew 98.6% from the previous year. However, due to the epidemic situation of COVID-19 which negatively affected the economy and consumer

Commercial Court’s hearing. If we add back this amount to SG&A expenses, the SG&A expenses would be Baht 463.0 million which increased 5.6% from previous year while our total revenue increased 34.7%. SG&A in

exchange effect. In addition, HPC generated electricity less than in the same period of the previous year. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2019

the previous factory to the new factory complex located on Bang Pakong district, Chacheongsao province amounted to THB 6 million and consulting fees in related to the overseas businesses amounted to THB

647 Up to 6 months 93 164 Over 6 months 39 22 Total 709 833 % of total receivables 93.0% 72.9% Allowance for doubtful debt 34 36 % of total receivables 4.5% 3.2% LIABILITIES AND SHAREHOLDERS’ EQUITY

million baht, an increase of 76.50 million baht or 4.42 percent from the previous year, mainly due to an increasing of Doctor fees in the amount of 31.66 million baht and Personnel expenses in the amount of

value of real estate development cost amounted 2.9 million Baht. The previous year recorded 5.7 million Baht, and loss on impairment of investment in available-for-sale securities 1.2 million Baht. (8

Securities and Exchange Commission concerning Determination of Definitions in Notifications on Issuance and Offer for Sale of All types of Debt Securities in relation to trust having the obligations under this

Thai economy in the first quarter of 2018 continued to grow from the previous quarter, corresponding with the world economy. The expanding of the exporting industry, tourism industry, and government

2018 continued to grow from the previous quarter, corresponding with the world economy. The expanding of the exporting industry, tourism industry, and government investment are main supports. The