% in 2018. As these facilities are expected to operate at their full potential in 2019, margins from this segment are expected to revert to double-digits. IVL will continue to invest in this segment

and continuance. However, the deficiencies in the engagement performance continue to persist in a number of the audit firms. A. Firm level Elements Leadership responsibilities 20 15 15 15 15 15 15 15 15

percent. The favorable global economic conditions will continue to support exports and tourism, resulting in positive spillovers to investment in related sectors. At the same time, government spending is

, unless the underlying asset is low value. Accounting by lessors under TFRS 16 is substantially unchanged from TAS 17. Lessors will continue to classify leases as either operating or finance leases. 4

continue to classify leases as either operating or finance leases. 3. Management Discussion and Analysis for the first quarter ended March 31, 2020 The presentation of 2019 figures was not made in accordance

economic recovery once the outbreak is contained. Looking forward, the Thai economy will continue to face a high level of uncertainty so the MPC is standing ready to use additional appropriate monetary

productivity and costs. We continue to engage leading external experts to bring the tools and practices that will provide effective ways to execute the Olympus initiatives, enabling IVL businesses to achieve

card applications on the Company’s website and dealers network nationwide. In addition, the Company has focused to continue enhancing the relationship with our existing business partners to increase

kiosk and continue to expand the new customer base through BeWallet. This will make the company’s revenue retain growth.

Operation in the Future For the year 2020, the Company expects that exports will continue to slow down as the global economy and the Thai baht exchange rate remains fluctuates and continues to appreciation