Baht, decreased by 80% as compared to 3Q2018 in the amount of 872 million Baht which comprising of (1) revenue from Food and Beverages of Dean & DeLuca of 150 million Baht (68% of total revenue

shrinking of the export sector due to lower demand from overseas trading partners. In addition, this has negatively impacted local economic activity, particularly consumption and investment in the private

follows: Baht’000 Consolidated F/S ∆% Separate F/S ∆% 2019 2018 2019 2018 Revenues from Sales and Services 1,921,477 2,060,114 -7% 1,518,926 1,640,996 -7% Other income 72,604 338,396 -79% 52,158 25,568 104

” or “we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the three months ended March 31, 2020 as

quarter from the contraction of the industrial sector that reduced the production of industrial products due to higher production costs, a lower domestic demand and lower demands from trading partners in

Carabao Group Public Company Limited (the "Company") held on August 8, 2019 as follows: 1. To approve payment of interim dividend for the operating results of January to June 2019 from net profit and

, ended as of December 31, 2015 of THB 3,533.44 million which decreased for THB 1,041.29 million or 22.76% from the fiscal year 2014 which realized the revenue THB 4,574.73 million, where the reasons are

Attributed to the stakeholders with non- controlling capability in subsidiary companies 17.53 0.96% 17.85 1.28% (0.32) (1.79) Page 2 of 5 Revenue from the Company's services for the year Ended December 31

% Reversal of Impairment of Assets -3.6 -0.4% 0.2 0.0% 3.8 105.6% Profit from Dispose Investment in 0 0.0% 27.3 2.9% 27.3 n.a. Management Discussion and Analysis (MD&A) for 2019 Page 2/5 2018 2019 YoY Mio

previous year which a net loss of Baht 6.39 million, the loss increase Baht 3.6 million or increase by 56.34% , the main reasons are as follow 1. Revenue from sale , Other income The company had revenue from