Estate Public Company Limited Management Discussion and Analysis 2Q20 With respect to commercial business, special reduction granted to tenants impacted by COVID-19 is expected to reduce thanks to revival

service, emphasizing on convenience, simplicity, and worry-free to use mobile data. Competition in fixed broadband has been heightened by the incumbents. Although an average industry ARPU remained in a

operations and exposures in commodities • Impairment issues • Heightened cost controls at audit clients • Governance challenges (cannot get or retain strong directors) Layoffs Reduced  capacity Audit fee

pandemic. However, there are promising signs of growth driven by the revival of tourism, the increase of exports, and the acceleration of government spending. Tourism industry Source : Ministry of Tourism

September 11th 2001. ❑ Firms reduce internal uncertainty by holding more cash from higher debt in response to the higher external uncertainty at times of heightened GPR, due to the volatility of the expected

campaign boosting customer’s spending. In addition, price competition has heightened, underpinned by the low fixed-speed unlimited plans which limit the ARPU growth. For 5G service, our 5G network continued

alongside the four core components of the SBP. It recommends heightened transparency for issuer-level sustainability strategies and commitments. Further, it provides guidance on issuer processes to identify

experts/workers/foreigners. • Pros: Revival of the economy. • Cons: Unfair competition and possible corruption. 4 https://go.microsoft.com/fwlink/?linkid=2006808&clcid=0x409 SEC Classification : ใชภ้ายใน

edition of the GBP identifies key recommendations regarding Green Bond Frameworks and External Reviews alongside the four core components of the GBP. It recommends heightened transparency for issuer-level

. Hygiene fibers core EBITDA remained flat QoQ and declined 34% YoY due to delay in pass through of strong polypropylene prices, heightened by the Polar Vortex in the US, which negatively impacted performance