stakeholders and promote their contribution to market development.  ?The 4P?s Principle and corporate restructuring are further steps to improve our operation and prepare the SEC for the increasingly challenging

December 2017 and 2016 were THB 12,520 million and THB 9,778 million, respectively, increasing by THB 2,741 million or 28.0%. The main contribution for this increase was due to the following Cash & cash

respectively, an increase of THB 49.0 Mn or 4.5%. This increase was mainly due to (1) increase in revenue contribution of the brands with higher % cost of goods sold. (2) the increase of packaging cost related

International Advertising in order to reflect on its international expansion strategy. Accordingly, the revenue contribution was divided into 1) Domestic Advertising revenue of 34.5% (or THB 258mn); 2

to lower contribution from GHECO-One. • Financial costs decreased by 16.4% or THB 193.0 mm, compared to the same period of last year, due to accounting impact of early redemption of bond and lower

contribution from our subsidiaries outside Thailand. Revenue from Portugal operations increased slightly by 3.7%. China recorded a strong revenue growth of 24.3%. The company also recorded increase in revenue

overall sales volume, the Company and its subsidiaries brought 1.6% growth of Gross profit margin versus 2017 by the strong contribution of Epicerol® business. 2. In 2018, distribution costs, administrative

housing development, the gross profit margin this year was 34.7% which was higher than 32.6% recorded in the previous year. The Company had a higher contribution from sale of Park Court units. (2) Rent and

contribution in 4Q19. EG, which has a direct correlation with the absolute price of EG, represents the remainder of our production volume. The lower EBITDA contribution of EG reflects the decline in industry

revenue increase. As a result, gross margin improved to 33% in this quarter from 28% yoy. This improvement was contributed by the increase of social security payment rate and more revenue contribution from