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

. "Intensified competition among traditional securities markets and alternative trading systems (ATS) worldwide is forcing the Thai market to make adjustments. The lessons learned from the recent financial crisis

. "Intensified competition among traditional securities markets and alternative trading systems (ATS) worldwide is forcing the Thai market to make adjustments. The lessons learned from the recent financial crisis

shall affect the validity of the transfer of the entire business under the Entire Business Transfer Agreement, nor shall there be any legal actions or proceedings by any person to challenge the execution

business under the Entire Business Transfer Agreement, nor shall there be any legal actions or proceedings by any person to challenge the execution of the transaction as indicated in the Entire Business

revenue etc.). The extent of a risk is a function of its likelihood and the severity of the potential impact. The severity of potential impact itself depends on the intensity of the challenge posed by the

competition in a restaurant business and a continuous economic slowdown in both counties. In 1Q18, the Company generated revenues from the food and bakery wholesales in the amount of THB 145 Million which

competition and resulted into slower sales in B2B as well. Adopting to the changing consumer behavior where consumers are transitioning to apply technology for their purchases, the Company is expanding its

profit margin of the certain residential projects was also decreased as a higher competition. The decrease in sales and slightly increase in gross profit margin in 1 and 2 make a decrease of 2,273.79

to the Group company has reorganized the structure to be more flexible and to increase ability and efficiency in business competition. Loss on temporary investment Loss on temporary investment amounts