weighted down from concerns over economic recession; after the US reported that the short term bond yield has exceeded the long term bond yield. However, oil price was supported by the high tension being

liquidity, while still retaining employees, which are important long-term resources of the Company. In Europe, the Company is assisted by the government of various countries such as Austria, Germany

assisted by the governments of various countries such as Austria, Germany, Switzerland, Poland, and the Czech Republic, in the form of subsidies for payrolls, and tax relief. In Germany where the Company has

, gross profit rose 415%, mostly ascribed to the refinery business recorded improvements in its Total GRM supported by the rise in crude oil price. The Company reported a lower inventory loss than Q4/2018

inflation in line with the world oil price (Source: The Bank of Thailand). The overall global aviation industry in the first 9 months of 2019, a growth in passenger traffic globally was supported by 4.5

horizon, the increase in volume supported increase in demand due to seasonal summer demand resulting in higher utilization rate and the acquisition of assets in Egypt. On a structural basis, demand for PET

materials, transportation and warehousing, electricity production and sectors supported by government stimulus measures, as well as large corporates investing in renewable energy projects to generate

% Y o Y - 1 7 % Y o Y -10% YoY Page 3  Domestic Contract Manufacturing (CMG) sales increased by c.35% YoY, supported by new products launch, growth from some existing products as well as change of the

million Baht in 2018, which the subsidiaries company's operations are mainly supported by the holding company. The realized of AIL’s net loss in 2019 was the allowance for impairment amount of 1.62 million

and new packaging launch in Q3/2017 as well as new products launch in the second half of this year; 3) CMG sales, supported by new products and new customers following the Company’s diversification