million baht or decrease 12.84 %. The declining sales volume was due to the decrease in domestic demand for diesel. This is affected by a new outbreak of COVID-19 virus since early 2021. Additionally, the

. The domestic economy recovered at a modest pace. Public spending and private consumption remained to be the main growth drivers. Private investment remained at a similar level compared to the same

144.2 607.6 017 cussion and nge of Thai ompany Lim e resolution y’s subsidia ed by the C nancial state the third qu ent. Thus, t financial st which was ofit ratio of ection and n the group Q3/2016 MB 4

Translation (Translation) PAGE (Translation) -6- Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC

Translation (Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. The SEC, Thailand cannot undertake any

2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai

is accepted by both domestic and international markets as a standard manufacturer of instant products. The investment rationale aligns with the company’s long-term business strategy to diversify its

ended 2019 due to net loss. 5. Business Outlook The impact of outbreak of Covid 19 Pandemic was more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020

pandemic of COVID-19, which has a severe impact on tourism, production, exports and private consumption. Private investments tend to decline in 2020, according to both domestic and international demand. For

with non-controlling capability in subsidiary companies 21.75 - 6.40 439.84% 59.99 - 14.30 519.51% The Thai economy in Q3 / 2 0 2 0 improved from the previous quarter. In accordance with the relaxation