E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors,...

opinion in line with the opinion of the Board of Directors 13. Board of Directors’ Responsibility Regarding the document delivered to Shareholders The Board of Directors has well-rechecked the memorandum

from 1 May 2015. Clause 2 In this Notification and the Application Form stipulated herein: The terms “institutional investor”, “listed company”, “parent company”, “subsidiary”, “same-level subsidiary