and Olé Mini Sugar Free. However, the growth was partly offset by the decline in OEM-personal care. 1H’19 the Company’s gross margin improved to 35.0%, +330bps YoY. Gross profit increased by THB 614

in 1Q18. Partly, THB 1.5mn increased in the distribution cost was from the adoption of new accounting policy as explained in the changes in accounting policy and reclassification section above. The THB

according to accounting standard, and partly from narrowing of spread margin. Nevertheless, EBITDA in Q2/2018 still remained positive at THB 119 million. Comparing to the same period of last year which the

was partly from cash inflow from sales and services, netted off with cash outflow for expenses and income tax payment • Cash inflow from financing activities of THB 180 million mainly owing to THB 997

for the period of THB 2,265.6 million generated in 9M18 combined with an increase in paid-up capital of THB 2,266.0 million and was partly offset by total dividend payments of THB 2,808.9 million in

Quarter. These were partly offset by reduction in expenses due to termination of Tolling Arrangement which was carried out Last Year Quarter. 3rd Quarter 2019 3rd Quarter 2018 Own production Tolling Total

216.9mn, increased by THB 49.8mn, or 29.8% YoY from THB 167.1mn in 3Q18. Partly, THB 10.2mn increased was from commission cost and expenses related to unit transferred which in line with the revenue from

49,163.2 mm as of 31 December 2019. The increase was partly from bank loan drawdown by the end of the first quarter of 2020 in order to hold the cash for bonds matured in April 2020 as well as preserve for

Management Discussion and Analysis Q2/2020 is 3,127.1 million baht decreased 17.3% partly due to the Lock Down situation. 2. Interest income from purchase receivables and gains on loans from purchases of

standard and a decrease in Retained Earnings of Baht 192.0 million which derived from dividend paid of Baht 612.0 million in May 2020 partly offset by Net Income of Baht 317.4 million. 5. KEY FINANCIAL