raw material prices rose compared to FY2018 Shareholder’s equities As of December 31, 2019, the company had total shareholder’s equity of THB 9,648 million, decreased by THB 60 million or 1% due to the

instead. Furthermore, the rise on an average price on steel-coil and the company was not adjusted the selling price proportionally to the rise of its raw material. Due to the market competition corporate

sales was better from the same period of last year due to higher sales growth resulting in lower waste and ability to control key raw materials’ price. Selling Expenses Selling expenses of Q3’2018-2019

/2018-2019, in-line with reduction in food revenue. However, the Company managed raw material costs by sourcing from suppliers that offered better discount in comparison to volume and enforcing tighter

instant increase in equity capacity of 2,895 MW after the acquisition, aggregating to a total equity capacity of 4,835 MW; in which the SPP equity capacity will rise to 2,301 MW after the merger. • Signing

1H/2016. Financial Performance Project UpdatesExecutive Summary Natural gas (IPP) Natural gas (SPP) Maintenance fee Others Other raw materials Cost of sales and services (exclude depreciation and

impact of Stock Gain/(Loss) and NRV (2) Extra item was from reversal of inventory derogation because a supplier had delivered raw materials to the company regarding to the settlement agreement. P a g e | 5

period ending 31 March 2018 could be divided in to two key components as follows: 1. Variable cost component which shall be varied in accordance with the volume sold consist of (1) raw materials and

74.85 million or 9.08 percent, due to the decrease in product sales volume of 4.58 percent and decrease in raw material cost, salary and benefits of the employees, repairs and maintenance expense and gas

Mn % (1) Revenue from Restaurant Business 665.2 90.0% 214.8 68.4% -67.7% Revenue from Sales of Raw Material 49.0 6.6% 17.7 5.6% -63.9% Revenue from Food Delivery & Catering 18.3 2.5% 67.8 21.6% 270.5