and continued to grow from the dairy export market. In China, the first quarter, was hit by the COVID-19 situation but began to recover from the beginning of the second quarter. In addition, the company

retail businesses, has also been impacted by several of Thailand’s economic indicators including the consumers’ confidence index which hit the lowest in 38 months, the floods in upcountry, as well as the

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

governments and central banks to deliver unprecedented level of fiscal stimulus and highly accommodative monetary policies. As for Asia, we were one of the first to have been hit by the virus and the

higher demand from Cambodia and Myanmar. The Company’s sales to Myanmar and Cambodia hit a record high in 3Q19 and 4Q19 respectively. As to leverage the leading position in Cambodia, carbonated Carabao

Myanmar business. Personal Care Segment Total personal care revenues decreased by 21.9% YoY to THB 539 million. Beauty segments hardly hit by COVID-19 situation. Some categories of baby products also

overall 2019 growth at 2.4% the lowest in five years. Exports were hit by trade tensions and the appreciation of the Thai baht had a detrimental effect, which fed through to the domestic economy. The

associate med well in t 7. nd others for ile the servic n baht or 86 s success in iaries hit the itutions. hange % 80.3% 31.1% 23.2% 36.4% 90.8% 19.1% 41.6% 90.8% 76.3% 183.9% 45.2% ich invested cted from the

prices as well as the decline in public and private consumption. The tourism industry, especially in the hotel, transportation and restaurant businesses, was hard hit by the impact of COVID-19 outbreak

NYSE US37733W1053 37733W105 HSBC Holdings PLC HBC NYSE US4042804066 404280406 HBOS PLC HBOOY OTC US42205M1062 42205M106 Home Depot Inc. HD NYSE US4370761029 437076102 Hitachi Ltd. HIT New York