interest expenses recognition. Management Discussion and Analysis (MD&A) for the first quarter ended 31 March 2020 3 | P a g e Significant Events in Q1/2020 The temporary closure of Index Living Mall, The
platform for innovation and growth 2018 Brazil PET Entering new continent as domestic PET producer with Brazil debut Enhanced opportunity to serve our customers in any part of the world Accelerates
the Company. For the long-term plan, the Company has determined to proceed the significant strategy plan for the Dusit Central Park Project continuingly. Major Developments On 21 January 2020, Epicure
is likely leaving its mark on the Thai economy. Private consumption growth moderated noticeably in Q1 while private investment fell, reflecting dampening domestic demand. Manufacturing output
construction. 2 The Company and its subsidiaries’ revenue from the sales of goods are mostly revenue from domestic sales. For the year ended 31st March 2019, the Company and its subsidiaries had revenue from
290mn, a significant increase of 53.1% YoY. The strong performance was mainly driven by the full-year consolidation of Comass, which was started in July 2017 and the revenue recognition of CBD LED Network
construction. The Company and its subsidiaries’ revenue from the sales of goods are mostly revenue from domestic sales. For the year ended 31st March 2018, the Company and its subsidiaries had revenue from
merchandise exports which continued expand with a growth 13.1% consistent with global demand growth and continual increase in crude oil prices. Domestic demand robustly expanded by private consumption which
Hotels since April 1, 2020 due to COVID-19 outbreak both in Thailand and overseas earlier this year resulted in a significant drop in foreign tourist visitors and limit domestic travelers from country
funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade war between China and the