heavy rains and floods in the northeast depressing demand for DIY home improvement categories where Thai Watsadu is traditionally strong. Central Retail Corporation Public Company Limited Page 6 III

Extreme weather, floods and droughts happened around the world. • Opportunities for green growth Businesses in different sectors need to adjust their business model and come up with innovative products

geopolitical situations remain risk factors affecting economic activities of Thailand’s trading partners. At the same time, uneven recovery of household purchasing power may be further hindered by the floods in

industrial sales volume of 69 million liters (-13%), as the quarter was the low season, and is also the rainy season which caused floods in various provinces. Further, there was an intensified competition. As

various natural and human-induced hazards: floods, droughts, landslides, forest fires and epidemics. The 2011 flood was the worst flood in the modern Thai history with total damage and losses of THB 1.43

this quarter being a part of the low season and has entered the rainy season resulted in floods in many areas; the impact of such event caused utilization of vehicles and fuel consumption to be lower

identify relevant risks under a defined risk appetite. 3. Climate Change and Adaptation Risk Climate change directly impacts physical risk. It may come in the form of natural disasters, namely storms, floods