second largest polyester market in the world after China, with consumption growth at 7% per year. This strategic investment will provide IVL a fast track entry into the high potential Indian market as

Company of which after providing the financial support, the Company will still have sufficient working capital for operating business. Related persons and conflict of interests Some of the Company directors

, totaling the net offering of THB 7,351.6 million (after deduction of related fees and expenses). In addition, the Company had repaid loans from the related parties, which was utilized in the acquisition of

assign a new distributor while the contract was still applicable. After the termination, the Company stipulated a new policy to engage in distributing products for the channel itself starting July 2019

, accounting for 10.47%, due to the decreasing number of Chinese tourists visiting Phuket after the boat accident at the beginning of July, 2018. In 2018, the Company’s revenues from the sale of food and

/E 6.26 times. Due to the increasing capital of the initial public offering (IPO), including cash received after deducted directly attributable expenses of IPO on January 2019.   o The Group’s Interest

increasing continuously until the first quarter of 2018 and decreased again in second quarter of 2018 to fourth quarter of 2019 after that slightly increased in the first quarter of 2020. Thus it will become

Normal after Covid-19 pandemic.

non-food business reopened after eased lock down. Central Retail Corporation Public Company Limited Management discussion and analysis /Page 2 3. Italy: We temporarily closed all 9 department stores

Manufacturing Co., Ltd. ("ACM"), the aluminum can production facilities as a part of supply chain management plan, which had reached 100% utilization rate since 4Q/2019 after its first commercial run in November