provisions applying to this representation. 2. Also disclose the address of the representative, and the nature of any material relationship between the representative and the issuer or its affiliates to

as freight costs and sales commissions, decreased in line with lower sales. Administrative expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating

amounting to Baht 75 million and increased by Baht 11 million YoY or 17% due to the increase in sale volume partly offset by reduction in freight cost due to reduction in fuel prices. 4. Administrative

since lower freight cost due to lower export volume comparing to 2Q2019. The consolidated SG&A expenses in 2Q2020 were 9. 89% of revenue from sales, increased from 7.62% in 2Q2019. The consolidated SG&A

Company does not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is after excluding inventory gains

outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained herein. 3 Bangkok Commercial Asset Management

แบบแสดงรายการขอมูลการเสนอขายตราสารหน้ี (รายครั้ง) (แบบ 69-DEBT-PO-GOV.AGENCY) บริษัท........... (ช่ือไทย/อังกฤษของผูเสนอขายตราสารหน้ี) ............. เสนอขาย ......................................................................................................................... ......................................................................................................................... ....................................................................................................

จดัการขนส่งสินค้า (Freight) 22,118,455 21,101,376 18,303,217 รายได้อื่น 258,887 61,456 253,280 รายได้รวม 22,377,342 21,162,832 18,556,497 ต้นทุนการให้บริการรับจดัการขนส่งสินค้า 15,018,083 14,209,267

products and content to cater to market trends and to spur higher Average Order Value (AOV) and improve sales • Renegotiated new freight prices through alternate supplier and packing optimization resulting

market trends and to spur higher Average Order Value (AOV) and improve sales  Renegotiated new freight prices through alternate supplier and packing optimization resulting in significant initial savings