Intercarabao Limited (“ICUK”), of which the business engages in marketing, sales and distribution of energy drinks under Carabao trademark in the UK market and other countries outside Asia (the “Change of

shall include managing director or equivalent which is called differently; “Market price” means price of equity instrument in securities exchange or price of debt instrument which was offered by Thai Bond

company and shall include managing director or equivalent which is called differently; “Market price” means price of equity instrument in securities exchange or price of debt instrument which was offered by

called differently; “Market price” means price of equity instrument in securities exchange or price of debt instrument which was offered by Thai Bond Market Association, as the case mat be; “Association

บระเบียบและทําใหผูจัดการเงินทุนสามารถปฏิบัติตามกฎหมายหรือขอตกลง ท่ีผูกพันไวกับลูกคา 4 (ข) มีนโยบายและขัน้ตอนการปฏบัิติงานในการคาํนวณมูลคาตลาด (market price) ของสัญญาซื้อขายลวงหนา ตลอดจนผลกาํไรหรอื

. Market and Competitive Environment The Thai economy in FY22 started off with a positive tone of post-pandemic recovery with the tourist and hospitality- related sectors mostly benefiting from the border re

was a reasonable and appropriate transaction to the Company. The Company had no control due to the Company holds only 17.39% of the total shares and had no expertise personnel, in the business of mills

, from continuous cost control. Over the past years, the Company has continuously adjusted its business operations to meet customers’ demands and to compete with competitors and technologies that is

year-ended 31 December 2019 was 197.9 million baht compared to 213.3 million baht the same period last year, decreased 15.4 million baht or 7.2 percent due to an ongoing cost control measures. Over the

December 31, 2019 was Baht 1,530.75, decreased by Baht 133.24 million or 8.01% from last year, driven by the Company was able to control the debt internally both the Company and its subsidiaries. 3