product development in order to focus on the health conscious consumers for example, roasted seaweed and whey protein ‘My Whey’. The Tao Kae Noi Land shop expansion in order to focus on tourist channel. As

primarily due to the expansion of the Hinoya Curry restaurant and the opening of Taokaenoi Land shop in tourist attractions. Despite the growth of Chinese tourists at 1.7 percent from the same period of the

concentrates on branch expansion, products sourcing and development together with other channels expansion in order to response and attract customers together with the effort to manages and efficiency controls

well as other marketplaces e.g. Shopee, Lazada etc. Industry Overview Thai economy in 4Q19 was slowdown. On the domestic front, private consumption indicators suggested expansion in all spending

consumption and investment. The slower growth is expected to continue in 3Q19 since the external factors remain unsolved. Although private consumption was supported by sales promotion and government measures

hit merchandise exports, and domestic demand. Private consumption indicators indicated the slower expansion in most sectors. Manufacturing production and private investment contracted. Nevertheless

of shop expansion, marketing and development of the new international business of automotive part and accessories and increasing of both domestic and international sales promotion and marketing

Yai, Chachoengsao and Rayong Branch (which started operating since 1 November 2018)). Industry Overview In 3Q18, Thailand’s overall economic growth accelerated from all major spending categories

emphasized to ensure B.Grimm’s commitment to healthy and sustainable growth. Q1’2020 NNP to owner grew 54.0% y-on-y Despite unfavorable economy situation, B.Grimm reported Q1’2020 results with a 9.4% y-on-y

guarantee assets at certain banks, however, banks’ performance was still under Thailand Economic Growth Sources: Office of the National Economic and Social Development Council and Ministry of Commerce