that affected the gross profit margin variation, there were the revenues and expenses variation as follows; Net profit increased from the same quarter of last year due to the gross profit increased

. Revenues Classified by Distribution Channels 12 Months in 2017 12 Months in 2016 Variation THB % Domestic Restaurant and Bakery Business 6,098 5,969 130 2.2 Food and Bakery Wholesales Business 762 817 (55

percent to 11.2 percent respectively. Revenues Classified by Distribution Channels 12 Months in 2017 12 Months in 2016 Variation THB % Domestic Restaurant and Bakery Business 6,098 5,969 130 2.2 Food and

products. -2- Revenues Classified by Distribution Channels 12 Months 2018 12 Months 2017 Variation THB % Domestic Restaurant and Bakery Business 6,184 6,098 86 1.4 Food and Bakery Wholesales Business 773 762

1/2 L-WAVE ENT 20/2020 15 May 2020 Subject : Management’s Discussion and Analysis for the first quarter 2020 operating results with variation greater than 20% compared to the same period of 2019 To

Secretary of the Securities and Exchange Commission The company clarify cause and reason if relative performance of a particular company varies more than 20% compared to previous year; we hereby explain our

developing new platforms, have significant effects on the company’s income structure especially advertising revenue. However, our company isn’t rely on only this particular income. There are other channels

new platforms, have significant effects on the company’s income structure revenue. However, our company isn’t rely on only this particular income. There are other channels, such as organizing seminars

the duties of various parties involved with any particular bond, including bondholder representatives and bond registrars. This joint proposal for revising the Terms and Conditions builds on the

principle of widespread distribution to general subscribers without specific allocation to any particular individual (cherry picking), and must not be an arbitrage in evasion of regulatory compliance