recent months. Prices on average have seen a decline but towards the end of the Q4 that trend had reversed and at key domestic customers prices have been rising. The impact of the weak US dollar is

(“Partial Business Transfer”). The value of such Partial Business Transfer will equal to book value as at the transfer date. The Partial Business Transfer to its subsidiary planned to set the business

activities to educate the water quality to target’s group continuously. At the same time, the subsidiaries consist of Irving Corporation Limited has distributed products and equipment design and installation

COVID – 19 In addition, Revenue from management service also decreased at the rate of 63%. • Revenue from sales of food and beverage increase 20 THB MM or representing of 233% as a result from the

revenue Cost of Goods Sold Cost of goods sold for the three months ended 31 March 2019 and 2020 stood at THB 54.04 million and THB 84.21 million, respectively, equivalent to a 55.85% increase. Cost of goods

optimism that fixed asset investment that has been on hold will pick up. Internally our new flux product targeted at the steel market is now gaining the traction that it gets globally and we are confident of

ที่บชง (1/6) At Bor Chor Ngor 0391/2017 13 November 2017 Subject: Management Discussion and Analysis of Operating Results for the Third Quarter of 2017 To President The Stock Exchange of Thailand

are partly from the expedited disbursement at the end of the year. In fact, the government expenditure plays a key role to support the recovery of the Thai economy during the COVID–19 outbreak. In Q3

the new Khiang brand which was launched at the end of 2018. Furthermore, 2 new brands were opened at the end of 2019 to further enhance the variety of restaurants in the Group, these being Foo Flavor

increasing or decreasing from changes of inventory at the end of period. Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In 2019, moving Annual Total (MAT) Year 2019 of domestic