November 13 ,2020 Dear Director and The Manager of SET Re: Clarification on the Operating Result of Quarter 3/2020 Thailand economy’s condition of Quarter 3/2563 was continued to shrink by domestic

a holding company has investments in retail and financial businesses. During the second quarter, the company passed the coronavirus outbreak ("COVID-19"). Although the situation of the COVID- 19

Microsoft Word - MD&A_E Q3_2562 ต้นฉบับ Management Discussion and Analysis: MD&A 1. Company Situation The company’s core business revenue for Q3/2019 has been going steady, no major increase or

group is likely to decline in the future. For Exercise and Physical Therapy Band; the market portion is still taken by the major manufacturers together with the stable economic situation causing the sales

reasonable and will eventually increase Company’s profitability and benefit to obtain stronger financial condition of the Company. Thus, the Board of Directors has approved the receipt of financial assistance

assistance is reasonable and will eventually increase Company’s profitability and benefit to obtain stronger financial condition of the Company. Thus, the Board of Directors has approved the receipt of

possibly changing market condition, the derivatives clearing house shall assess the appropriateness of the scenario, parameter and assumption used in the stress test on a quarterly basis or upon significant

1,240.35 (112.24) (9.05%) 2. ECONOMIC SITUATION Thailand economic situation in Q2/2020 in Central and Eastern regions contracted compared to the same period of 2019 due to the COVID-19 pandemic, which are

such as the closure of some businesses, temporary reduce or change the working hours and the implementation of social distancing. These situation and measures have widely impacted the world economy many

0.5% to 81%.  Regarding to current situation, the company put all efforts in reducing operating cost such as o Marketing and promotion were reduced 6 million baht o Overhead and administrative cost