Administration announcement regarding temporary closing of the premises (Issue 2), the company has considered the safety of all shareholders which attendance the Meeting and to realize the measurement to prevent

% (2.21) -73.4% Distribution costs (52.77) -20.96% (102.28) -20.99% (49.51) -48.4% Administrative expenses (24.66) -9.79% (35.06) -7.20% (10.41) -29.7% Finance cost (2.48) -0.99% (0.01) 0.00% 2.48 34110.6

private sectors was highly shrank, particularly the investment on machinery and equipment as well as the lockdown measures that has been started since late of the first quarter of 2020 by closing the

the businesses in subsidiaries and associated the Company investing had improved operating results when compared to the same period last year. The business of mobile phone distribution business

increase production capability and shorten lead time for sales to customers in the US and nearby countries 2. To expand distribution network in the American continent and create opportunity for more income

) -50.41% (202.10) -52.36% (18.23) -9.0% Gross profit 180.89 49.59% 183.87 47.64% (2.98) -1.6% Other income 0.72 0.20% 2.86 0.74% (2.14) -74.9% Distribution costs (77.31) -21.20% (88.97) -23.05% (11.66

14.1% 4.0 2.4% -18.0 -81.9% Profit Before Expenses 45.2 28.9% 60.9 36.9% 15.6 34.6% Selling and distribution expenses 14.5 9.3% 14.7 8.9% 0.2 1.2% Administrative Expenses 13.5 8.7% 12.4 7.5% -1.1 -8.2

closing on 29 August 2017; and to pay dividend on 8 September 2017. 2. We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding

28.55 6.05 24.40 85.47 Other revenues 7.54 1.40 12.81 2.71 (5.27) (41.13) Distribution cost (19.82) (3.66) (24.33) (5.15) 4.51 (18.54) Administrative expenses (73.10) (13.52) (47.46) (10.05) (25.64) 54.04

same period last year with sales in the first quarter of 2020 decreasing. Due to the decrease in sales of mobile distribution business In part due to the closing of branches of mobile phone shop and