of plastic packaging products. Financial Operating Results In Q1/2020, total cost of sales and operating expenses were Baht 903.2 million, increased by Baht 20.8 million from Baht 882.4 million of Q1

selling price resulting from the impact of Covid-19 pandemic. However, the total sales volume of Q2/2020 was increased by 16.80% compared to those of Q2/2019 due to the rise in demand of plastic packaging

. In the second quarter, business conditions in the food packaging industry continued to grow, due to the increasing demand over the concerns of Coronavirus (Covid-19). As a result, there are more orders

sales volume of Q3/2020 was increased by 3.88% compared to those of Q3/2019 due to the rise in demand of plastic packaging products. Financial Operating Results In Q3/2020, total cost of sales and

19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q1/2019

& Trading Business Group 11 Marketing Business Group 13 Power Plant Business Group 14 Bio-Based Products Business Group 16 Natural Resources Business Group 18 Statement of Financial Position 20 Cash Flows

acknowledged product quality and its attractive lower retailing price as compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations

compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations, being a constructive factor to refresh the brand image of Carabao in

increase of take-home products and higher orders through food delivery services, which usually have lower gross profit margin than products served on-site as a result of higher packaging cost. EDITDA and

the temporary closure of some branches in areas and the higher proportion of take-home products and orders via food delivery services, which have lower margins due to higher packaging costs. In addition