and whose shares are primarily listed on the main market of an exchange in jurisdictions which are signatories to the MOU. Where corporations satisfy the requirements set out in the Framework

period 5,126.4 9.66 4,928.8 10.01 197.6 4.01 5,516.3 11.77 (389.9) (7.07) Breakdown of sales revenues by business group Product Group 2018 2017 2016 revenue % revenue % revenue % Power Electronics Group

(1,516.7) (98.78) Net profit for the period 2,951.7 5.77 5,126.4 9.66 (2,174.8) (42.42) 4,928.8 10.01 (1,977.2) (40.11) Breakdown of sales revenues by business group Product Group 2019 2018 2017 revenue

operation of the Group Company consist of revenue from services and rental including procuring project land and providing services related to project security and cleaning to the group customer, that operates

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 subsidiaries

estate business and thus the Company has to revise its strategy and target group. The year 2017 marks “The Year of Shift”. First of all, the target customers of the Company have been changed from middle to

sale decreased 3.71 percent from consolidated. The main revenue generated from furniture as the core business was approximate with the previous year. Other income increased significantly from interest

year which a net loss of 12.88 million baht, the decreased loss of 6.94 million baht, the main reasons are as follow; 1. Revenue from sale , Other income The company had sale revenue at the end of

project cost of construction and electrical engineering and increase in revenue Baht 29 million. 2. Management Service (“MS”) had an increase in gross profit for Baht 9 million. Main reason was that, in Q3

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