continued to expand from the previous quarter. The value of merchandise exports expanded in line with trading partners’ growth, global trade and the impacts of trade protectionism measures by the US and China

sectors. Tourism was heavily affected by airspace and border closures, while merchandise exports fell sharply as demand from major trading partners fell, impacting both manufacturing production and domestic

make exports challenging competitively. Pricing in Q4 continued to trend upwards and we ended the year at levels up 3% from the same quarter last year. While the increased competition will impact current

the increase in chicken exports volume by 34.23%. Feed Segment Revenue from feed segment consisted of revenue from animal feed, fish feed, and shrimp feed, represented 19.76% of total sales, amounting

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

exports which rose by 5.3% YoY as well as continued recovery in private consumption which expanding by 3.1% YoY. Nevertheless, Thailand's advertising industry reported a decline of 6.0% YoY to THB 101,445mn

uncertainty of US economic policy. But, the global economy trend as continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in past time. Including, the income

Limited that produces and exports seasoning powders and ready-to-eat meal. Also, the Company has consolidated new catering revenue from recent acquisition of Epicure Catering Company Limited early this year

sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition

capacity for exports. The expansion has started operation since August 2019, and the impacts on financial statements from the recognition of depreciation expenses of the mentioned assets has started to be