and sustainability. • Natural gas prices continuously decreased in the second half of 2019 and has a slight downward trend in 2020. However, variou s situations remain uncertain, making it challenging

support project in the first quarter of 2019 is more difficult and varied than the previous year which effected higher cost than the first quarter of 2018 6. Cost of goods sold (E-Commerce) Cost of goods

was more difficult and varied than the previous year which effected higher cost. Therefore, the proportion of cost decreasing is less than the proportion of revenue decreasing. 6. Cost of goods sold

for equity crowdfunding. Furthermore, in the case of ICOs, imposing the aggregate limit would not be an effective investor protection mechanism. This is because it would be very difficult to enforce and

new clients in the COVID- 19 situation is quite difficult. The managements and team brainstorm for strategy how to propose work that is suitable for the COVID-19 situation as the alternatives to the

from poor timing and end up buying and selling at the wrong times. /Timing the market is too difficult. “It is a losing strategy” gChasing (short term) past performance has been a basic investment

that are difficult to detect. For example, (1) fraudulent transactions through a subsidiary located overseas that has obscure business objectives and is hard to inspect, (2) trading transactions and

. . . . . . . . ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ 2001 proved to be an important and challenging year for Thailand’s capital market. As the key mechanism for the mobilization of long-term capital, the capital market positively demonstrated a clear

CORPORATION PUBLIC COMPANY LIMITED IRCP: INTERNATIONAL RESEARCH CORPORATION PUBLIC CO., LTD. IRPC: บริษัท ไออาร์พีซี จำกัด (มหาชน) ITC: i-Tail Corporation Public Company Limited ITTHI: ITTHIRIT NICE CORPORATION

CORPORATION PUBLIC COMPANY LIMITED IRCP: INTERNATIONAL RESEARCH CORPORATION PUBLIC CO., LTD. IRPC: IRPC PUBLIC COMPANY LIMITED ITC: i-Tail Corporation Public Company Limited ITTHI: ITTHIRIT NICE CORPORATION