still in downturn mainly from the shrink of export and import sectors which were negatively impacted by an economic slowdown of the trading partner countries with a significant drop in domestic

impact and uncertainty of land and building tax and stricter lending policies by financial institutions as loan-to- value (LTV) measures and an economic downturn which led to the slowdown of purchases of

downturn. Moreover, the selling price is higher than the fair value, valuated under the abovementioned Valuation Account method. In addition, the Company needs to utilize the cash flow for the working

offering price is appropriate for the Company to be able to dispose the assets at the price consistent with the market and industry conditions in the economic downturn. Moreover, the selling price is higher

still in downturn from the trade war between USA and China that continues to escalate as well as unclear situation of BREXIT. Thailand economy continues to slow down from the previous quarter, contributed

from 1.50 percent to 1.75 percent to mitigate financial stability risks and build policy space to counter a future downturn in the economy. Economic Outlook for 2019 In 2019, Thailand’s economic growth

decreased 14. 4% in comparison to 2019. This results from the downturn of real estate sector and impact from COVID-19. Other Operating Expenses Unit: Baht in Million Q 2/2563 Q 1/2563 qoq Q 2/2562 yoy 6

customers in Map Ta Phut Industrial Estate. Meanwhile, demands of our customers in automotive sector showed signs of downturn but did not significantly affect company's results of operations as revenue from

COVID-19 global pandemic is currently contributing to a considerable economic downturn and increased business uncertainty. The economic downturn has resulted and is still expected to result in disrupted

the US administration and the Federal Reserve. Despite gloomy predictions prompted by the economic downturn, domestic political uncertainties and suspension of investment projects in Map Ta Phut