(Translation) UAC.CS/015/2020 August 14, 2020 Subject: Explanation of the operating results for the second quarter period ended June 30, 2020 To: President The Stock Exchange of Thailand Attachment

% Marvel Pack 42.8% - In 3Q19, consolidated %GP reported at 20.5%, equal to the same quarter of last year. Excluding TBSP of 20.5% GP, Company’s %GP represented at 20.5%, decreased from the same quarter of

-2022 Balance by Quarter Change Topic Q1-22 Q4-21 Q1-21 Q1-22 VS Q4-21 Q1-22 VS Q1-21 (Million Baht: MB) (MB) % (MB) % Total revenue 1,399.2 1,620.3 1,824.2 (221.1) (13.6) (425.0) (23.3) Total operating

Balance by Quarter Change Q3-24 Q2-24 Q3-23 Q3-24 VS Q2-24 Q3-24 VS Q3-23 (Million Baht: MB) (MB) % (MB) % Total revenue 1,926.4 1,866.9 1,704.9 59.5 3.2 221.5 13.0 Total operating expenses 1,738.9 1,698.2

. Therefore, the average CPO price in 2019 was lower than the average price in 2018. During the 1stquarter to the beginning of the 4th quarter, the Company realized higher the average cost of CPO than CPO price

Water launched since the 1st quarter of 2016 to 3-in-1 and RTD Coffee marketed since the 2nd half of 2016. These new products will play a vital role in the Group’s domestic expansion in the future

out branded products under Carabao trademark, ranging from Drinking Water launched since the 1st quarter of 2016 to 3-in-1 and RTD Coffee marketed since the 2nd half of 2016. These new products will

interesting growth direction of business. In the 1 st quarter of 2017, the Company enabled to sell the beverage dispenser (Celli counter beverage dispenser) to a client in CLMV. The Company also organized the

75% in VGI Global Media (Malaysia) Sdn. Bhd (“VGM”) with a total investment value of THB 360mn. This transaction is expected to complete within the 4th quarter of 2018. VGM is a holding company

No: AH 02082024 August 13th, 2024 Subject: Management Discussion & Analysis (MD&A) for the Financial Statements of the 2nd Quarter of Fiscal Year 2024 Ended as of June 30th, 2024 To: The President The