200 29 15% 172 142 30 22% Other Income - - - - 10 13 -3 -23% Distribution costs -88 -66 22 34% -67 -55 12 22% Administrative expenses -182 -145 37 26% -144 -117 27 23% Finance cost - Interest expenses

and nearby countries Objectives of Investment 1. To increase production capability and shorten lead time for sales to customers in the US and nearby countries 2. To expand distribution network in the

Distribution Station, Provincial Waterworks Authority (Phanat Nikhom Branch): Project value 520,344,000 baht and (2) The Nong Ka Kha Project at Nong Ka kha Water Distribution Station, Provincial Waterworks

, which came from costs of sales, distribution costs and administrative expenses control, Change in recognition of depreciation of right-of- use asset pursuant Thai Financial Reporting Standards No. 16

take-home or delivery services only. The Group placed importance on maintaining continuity in providing efficient services to our customers and therefore the Group focused on improving the efficiency of

159.4 5.6% 192.4 6.4% 20.9% Revenue from Food Delivery & Catering 13.5 0.5% 101.6 3.4% 656.3% Revenue from Retail Merchandise 7.2 0.2% 28.3 0.9% 293.1% Total Revenue from Sales of Food and Beverages

dessert café which has a higher gross profit margin than sales from takeaways or purchasing through food delivery services. In addition, the Company has increased the price of some products since March 2022

in gross profit was mainly due to increase in the proportion of sales from dessert café (Dine-in) which has a higher gross profit margin than sales from takeaways or purchasing through food delivery

or purchasing through food delivery services. G R O S S P R O F I T a n d G R O S S P R O F I T M A R G I N : • The Company’s EBITDA in Q4/2022 and 2022 were THB 83 million and THB 306 million

Intercarabao Limited (“ICUK”), of which the business engages in marketing, sales and distribution of energy drinks under Carabao trademark in the UK market and other countries outside Asia (the “Change of