in trade policies of US and China and global economic, the conflict in the Middle Eastern that impacted global oil price as well as the Baht’s ongoing appreciation. As of November 30, 2019, the

consumer sentiment worsened. As in the previous quarter, in Q4 the main lime consuming sectors of the industry were impacted by the macro economy. However, despite the current challenges in the economy

liabilities while the pay down of the term loan helped to decrease non-current liabilities. Shareholder equity was impacted by higher net income due to lower depreciation. As Kiln 7 comes on stream in 2018

Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand : Adjusting

Financial Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand

future. Business wise H1 2019 was challenging particularly in the most recent quarter. Business sentiment in multiple industrial segments important to us has been impacted by the macro economy and the

expected to severely contract during the outbreak. The export sector has been impacted by declining demand from trading partners and supply chain disruption, while the tourism sector has been impaired by

impacted the European car production volume. European car production reduced from 21.2 million cars in 2019 to 15.7 million cars in 2021. Dealership business in both Thailand and Malaysia slightly improved

measure (LTV). As a result, MK could maintain the sales of housing units at the same level as the previous year. However, MK’s gross profit margin was also impacted by the economic slowdown during the first

impacted by declining global demand, which has also led to a deceleration of private consumption as a result of lower employment, particularly in export- related manufacturing sectors. Elevated household