and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

seeing some bottoming out of the prices and slowdown in the import arrivals into Thailand. Pursuant to the Government announcement in the Government Gazette regarding to the revised Anti-dumping and

2020 MD&A 6  We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement

seeing lower ARPU due to low price offering in the market to address weak consumption. • Other service revenue was Bt5,291mn, increasing 16% YoY, composed mainly of non- mobile enterprise business which

from a 6.2% YoY increase in hotels located in the Provinces – with only those hotel in Hua Hin and Hadyai seeing a decrease YoY in their respective RevPAR, due to both a decrease in their respective OCC

Thailand’s overall economic has been forecasted to grow around 3.6% this year compared to a growth of 3.2% in last year, after seeing a growth of spending within the country, as well as, the injection from

% in 2017 which exceeds the previous forecast at 3.5%, after seeing a continuous growth from export and tourism sectors supporting with the injection from government spending in which collectively lead

from longer daylight hours following a change in season, albeit seeing an increase in rainfall from the previous quarter. 2. The solar power plant project in Japan recorded an increase in electricity

on international standards of sustainable development, taking into account the Environmental, Social and Governance or ESG, as well as seeing good returns and continuous growth. On 5 December 2019, the

Securities and Exchange Commission 10,13-16 The GPF Witthayu Building 93/1 Wireless Road, Lumpini, Pathumwan, Bangkok 10330. Tel: 0-2695-9999, 0-2263-6499 Fax: 0-2256-7711 www.sec.or.th. Securities and Exchange Commission Independent Audit Inspection Activities Report Independent Audit Inspection Activities Report for the 1st Cycle 1 October 2010 - 31 December 2012 Introduction Quality Assurance Review Panel (“QARP”) First step with confidence Activities for audit quality enhancement Summary of...