of time and at a higher rate than other currencies in competing markets, especially China. Despite the increase in raw material price and the baht’s strengthening, the Company was capable to maintain a

rates in respond to high vegetable oil price. Despite the increase of main raw material costs, the products’ spread margin was improved together with the reliability of production unit throughout the year

declined despite the increase of earnings before tax. Page 3 of 4 Statement of Financial Position as of 31 December 2017 The Company and its subsidiary’s total assets as of 31 December 2017 increased by 4

of previous year by Baht 16.47 million or 14.25 percent, due to the increase in gross profit margin of 13.61 percent despite the increase in selling and administrative expenses of 15.10 percent. The

revenue is decreased by 1.1 percent compared to the same quarter of the previous year (increased by 1.3 percent from Q1/2019) , thanks to the resources for production to accommodate sales in China, despite

growth resiliency of CPN’s operating results despite the ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in

the same period of previous year by Baht 50.52 million or 63.44 percent, due to the increase in gross profit margin of 31.86 percent despite the increase in selling and administrative expenses of 10.45

primarily due to the expansion of the Hinoya Curry restaurant and the opening of Taokaenoi Land shop in tourist attractions. Despite the growth of Chinese tourists at 1.7 percent from the same period of the

emphasized to ensure B.Grimm’s commitment to healthy and sustainable growth. Q1’2020 NNP to owner grew 54.0% y-on-y Despite unfavorable economy situation, B.Grimm reported Q1’2020 results with a 9.4% y-on-y

than both Q1/2019 and Q4/2019. Without the spread of COVID-10, the Company believe that our revenue would grow more and be able to make profits. However, despite the COVID-19 epidemic situation, the