the THB that affected the value of the Company’s overseas assets. • Net debt to equity ratio as of 31 December 2019 stood at 0.48x, an improvement from 0.55x in 31 December 2018. SIGNIFICANT EVENTS

heavy rains and floods in the northeast depressing demand for DIY home improvement categories where Thai Watsadu is traditionally strong. Central Retail Corporation Public Company Limited Page 6 III

, rose by 86% compared to 1Q2019, resulting to EBITDA of THB 345 million, improved from prior year by 145% mainly from profitability improvement of methyl ester driven by lessen competition in product

. Business Recovery from the COVID-19 According to an improvement of COVID-19 infection control, the easing lockdown measures and the reinstatement of economic activities, the Company set its strategies and

eased phase by phase thanks to significant improvement in controlling the spread of COVID-19 in Thailand. A number of recovery plans were introduced to the market by Thai government; however, Thai economy

percent mainly, decrease in PP&E at Baht 17 million due to purchase of equipment at Baht 11 million and building improvement at Baht 4 million while the depreciation for the period was at Baht 28 million

shrank from the economic slowdown, as operators opted to invest in process improvement and efficiency enhancements, as well as introduction of technology to reduce costs. EEC area is also slowing down, but

Moo 1, Na Khok Subdistrict, Mueang Samut Sakhon District, Samut Sakhon Province, which can be utilizable for the business operation and currently is in improvement process. 10. Conditions for the

entire 2nd quarter of 2020, sales were seen to be increasing back towards normal levels in late June due to the improvement in the domestic COVID-19 outbreak situation. The Group is confident that further

remained depreciation expense of old building improvement of head office amount of Baht 3 million was recognised in the same period of previous year. As a result, depreciation expense of the subsidiary