Analysis have been submitted based on separate financial statements only.) Summary overview From the end of 1st quarter of 2020, the epidemic situation of the coronavirus disease 2019 (COVID-19) has
by proportion in the amount of 14,187,720 shares at the price of baht 42 par share, totally 595,884,240 baht. In this situation, it has remainder share so Ramkhamhaeng takes it all in the amount of
situation that has been continuing to adversely affect sales performance of the Company. Export sales decreased by 44.5% due to customers in India, ASEAN, and America cut their orders considering lack of
amount of 1,362,900 shares at the price of baht 10 per share, totally 13,629,000 baht. After this situation, Muengloei-Ram will change status from Associated to Subsidiary Company of Ramkhamhaeng
. Furthermore, the Company believes that the current situation of the real estate market especially condominium market is contraction in certain segment, which is resulted from global and local economy downtrend
. However, overall recovery is gradually improved, the Company closely monitors situation with flexibility to adapt management strategy and marketing activities to fully response local demand. The Company
(COVID-19) in Thailand which affected the overall economy since the government announced various pandemic prevention measures. However, after the widespread and situation in Thailand became controllable
support and also considering to the Company’s current situation that are unable to find credit facility from local commercial banks to support the business. The Board of Directors of the Company resolved to
economy has been pressured from number of factors, namely 1.) Tourism sector was shrinking from travel restriction measures to control the pandemic resulting in lower both local and foreign tourists 2