investment, fiscal stimulus, increase in relocations of production base to Thailand would be beneficial to private consumptions and investments and lessen the negative impacts from the external factors. For

the tourism sector, political uncertainties and strengthening of the Thai Baht which may impact competitiveness in international trades. However, acceleration in public investment, fiscal stimulus

, public spending and tourism sector still expanded which resulted from low base in the previous year. (Source: BOT Press Release No.64/2019 on the Economic and Monetary Conditions for September and the

in capital expenditure. However, external demand softened as the value of merchandise exports grew at a slower pace. (Source: BOT Press Release No.3/2020 on the Economic and Monetary Conditions for

. (Source : BOT Press Release No.19/2019 on Monetary Policy Report, March 2019/EIC Outlook quarter 1/2019) Performance Analysis Unit : MB For the period ended Change 31 March 2019 31 March 2018 MB % Net sales

has revised down its growth forecast for Thailand's gross domestic product this year to 3.3 percent from 3.8 percent. (Source : BOT Press Release No.37/2019 on Monetary Policy Report) Performance

amount of THB 500mn unsecured debenture due at end of July 2018. That would indicate an advantageous position of the Company’s liquidity. 1 Economic and Monetary Conditions report, June 2018 from the Bank

Office to set up the Group’s Green Bond Framework with Second Party Opinion given by Cicero against GBP and by Beijing Zhongcai Green Financing against Chinese green bond standards ▪ ICBC has developed a

in early of 2020 and the Monetary Policy Committee lowered down the policy rate to 1.00% in early of February and to 0.75% in late of March 2020. 4. Net Profit For the 3-month period ended March 31

) non-controlling interests of the subsidiaries of THB 142mn. CASH FLOW As of 30 September 2020, the Company had net cash from operating activities of THB 8mn. Net cash received from financing activities