Microsoft Word - MD&A 3Q2020-E_Final by FA&Mark _3 Nov 2020_.docx 1 Ref: CSO. 034/2020 Date: 3rd November 2020 Subject: Management Discussion and Analysis Quarter 3 Ending 30th September 2020

Microsoft Word - MD&A 3Q2020-T_Final by FA&Mark _3 Nov 2020_.docx 1 ที สลบ. 034/2563 วนัที 3 พฤศจกิายน 2563 เรือง คําอธบิายและวเิคราะหข์องฝ่ายจัดการ ไตรมาสที 3 สิ/นสดุวนัที 30 กนัยายน 2563 เรยีน กรรม

. Total revenue decreased of Baht 272.67 million or 108% mainly from:  Gain from investments decreased of Baht 242.20 million mainly from mark to market price of investment in listed securities decreased

& beverage customers. - Cost of the sales and services of 2016 was 90.79% decreased to 89.83% on 2017 or decreased 0.96% from sales due to can mark-up price to the customers which new price of R/M. - Selling

. Saengchote, K. (2017). The low-risk anomaly: Evidence from the Thai stock market. Asian Academy of Management Journal of Accounting & Finance, 13(1). Sebastian, M., & Attaluri, S. (2014). Conviction in equity

million, which is an unrealized loss from mark-to-market price of investment. While in 2017 the company recorded extraordinary gain from reclassification of this investment of Baht 180.56 million. However

Hygienic Medical Service with Knowledge Base Management by Sterilized Sanitation such as advice for skin care, esthetics, cosmetics distribution including related products under trade name, service mark

Knowledge Base Management by Sterilized Sanitation such as advice for skin care, esthetics, cosmetics distribution including related products under trade name, service mark, trade mark “Wuttisak Clinic” of

mark-up price to the customers which new price of R/M and can manage cost by purchase raw materials from OJI group. - Selling and administrative expenses of Q3/2016 was 10.66% of sale, decreased to 8.97

global innovation center in the UK with a total film/polymer capacity of 277,000 tons per annum This acquisition will mark a new chapter for IVL. It is the next step in creating a leading position for