contraction was -3% vs Q1 2019. This will be much worse in Q2 with a double-digit contraction, and on annualized basis, the IMF forecast for Thailand is now -6.5% in FY 2020 with a bounce back expected in 2021

to the consolidated financial results of Golden Lime. 2. Outlook The global Covid-19 pandemic will affect the Thai GDP negatively by 6-8% this year as of BOT projections, while in FY 2021 with a bounce

of economic activities. 3Q20 performance; however, would not fully bounce back to the pre-COVID band due to the Company’s spending on marketing activities to promote goods and services of tenants in

major bounce back from the lows of 2020, reaching a high of over US$65 in March 2021. Led by China, consumer demand is booming and commodities are experiencing what some even call a super cycle, which in

documents consist of various types of standard forms, brochures and other commercial documents, including counterfeit prevention labels manufactured using advanced printing techniques and counterfeit

and commercial documents consist of various types of standard forms, brochures and other commercial documents, including counterfeit prevention labels manufactured using advanced printing techniques and

various types of standard forms, brochures and other commercial documents, including counterfeit prevention labels manufactured using advanced printing techniques and counterfeit prevention technologies 4

or another reason. Risk of counterfeit and parallel retail networks could negatively impact the Group's revenue and profit. Like with any high-end, luxury products, the Brand and the Group's products

actively promote good governance and strengthen market surveillance. As 2004 also marked the conclusion of this government’s first term, looking back, it has been a productive four-year period. Several goals