measures to release the economic impact. Having considered the above-mentioned circumstances, the Bank of Thailand lowered the Thai economy growth outlook in 2020, from an increase of 1.5-2.5% to a decrease

content acquisition to support the growth of the business since 2017 and the fact that the Thai Baht value appreciated against US Dollar, the Company had loss on exchange rate, resulting in a decrease in

profits as targeted in which it was the highest earnings growth for the third consecutive year. It was due to the condition of the business supporting the Company's growth and the non-performing debt that

analysis for the year ending 31 December 2019, as follows: Business Overview In 2019, the Group's total revenue growth (TSSG) increased by 6.1% compared to the previous year driven mainly by new branch

mainly from the increase in revenue from dessert café, which was attributed to the expansion of 7 new stores from Q3/2018 and a rise in Same-Store-Sale-Growth (SSSG). Gross Profit and Gross Profit Margin

growth was chiefly attributed to (i) higher operating revenue from the hotel business in Europe, which contributed operating revenue of THB 1,256mn, an increase of 9.4%YoY or THB 108mn; (ii) consolidation

& Calpis grew 1.5% YoY and above market growth. C-Vitt became #1 brand in functional drink with market share of 23.3% in Q3’18 from 16.9% in Q2’18. Domestic Personal Care grew 9.1% YoY. At constant FX

. The growth in this business unit was mainly driven by full-quarter consolidation of International Advertising operated by VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started in July 2019

line with the growth in the industry, coupled with, pent up demand during lock down period. - Food business: new format and new store concepts have been implemented to serve the lifestyles of our

Rule”). Currently, the Company focus on the business expansion of the crude palm oil (CPOA) trading business for biodiesel as there is a high potential growth and will partially conducting a trading CPOA