September 30, 2023, the Company has financial position that changed from its financial status as of December 31, 2022. The changes are described as follows: Assets Items that has significant changes Balance

Exchange of Thailand Business Overview In the year 2018, the Thai economy remained stable with the volatility of global economy including the impact of the trade war between the United States and China

the company As of June 30, 2017, the Company has financial position that changed from its financial status as of December 31, 2016. The changes are described as follows: -3- Assets Balance by Quarter

We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and

consolidated financial performance and position of the Company and subsidiaries (the “Group”) for the 3-month and 6-month periods ending 30 June 2017 as follows: Consolidated financial performance of the Group

Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its subsidiary for the three-month period ended March 31, 2019 Table 1

1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

derived from the overall operating results. Financial Position The group’s assets decreased by Baht (154.09) million, mainly due to the following reasons: • Restricted cash decreased Baht (47.46) million

Financial Position Total Assets The company’s total assets as of 31 December 2016, 30 September 2017 were Baht 631.26 million and 939.80 million respectively. This increase resulted from the IPO in September