SG&A expenses did not increase significantly. Management Discussion & Analysis Q3/2019 Q3/2019 Significant Events More Pop-Up Stores have been set up to increase accessibility to customers After

(expenses) 13.07 (5.09) Operating income (loss) (47.27) 105.26 Reversal (set up) allowance for bad debt and doubtful account 4.22 (102.07) Net income (loss) (43.05) 3.19 - Share of loss from other associated

beverage business under that brand “Casa Lapin” and 3 trademark licenses totaling value of 42,000,000 Baht. The Company set up the New Joint Venture (“JV”) with Coffee Project Co., Ltd (which its

supported the revenue of the Company and subsidiary in the Philippines to grow substantially as a result of increasing demands from customers since the end of 2016. Also, in Q4/2016, the Company set up

“Company”) would like to provide the clarification on the business operation for the 3rd Quarter of the year 2017 ended 30 September 2017. The Company set up a subsidiary company, which registered as a

connected transaction notifications. (2) Set up the shareholder’s meeting for an approval of connected transaction from shareholder with the vote of no less than three – fourths of total votes of shareholder

approximately THB 336,600) Shareholding structure: The new set up company’s shares are held by (1) Vienna House Capital GmbH (“VHC”) at the ratio of 1 percent and (2) Vienna International Hotelmanagement AG (“VI

doubtful debts of 3BB of 60 million Baht; - an allowance for debts from the rehabilitation plan of the Company, set up to be in compliance with Thai Financial Reporting Standards (TFRS), as the decision has

(2018: ratio 36.01) decreased cost due to raw material used and cost of production decreased 3.15 million baht. Set up depreciation decreased 0.09 million baht and the provision discounted products

agencies: For example, the “SME PE VC” working group was set up to integrate collaboration among 13 government and private agencies. This seminar also included some panel discussions under the topic of