robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain

) THB Mn % (1) Revenue from Restaurant Business 651.3 91.7% 518.8 84.2% -20.3% Revenue from Sales of Raw Material 44.8 6.3% 37.8 6.1% -15.7% Revenue from Food Delivery & Catering 10.5 1.5% 49.1 8.0% 366.1

sales volume of 3.55 percent and decrease in raw material cost, gas expense and repairs and maintenance expense but there were increases in salary and benefits of the employees. Cost of services was Baht

boost up of raw material cost cause from the demand over supply in electronic commodity market in 2018, together with higher inventory provision, moreover, the increasing in depreciation caused by the

Years ended 31 December 2018 2019 THB mm % THB mm % THB mm % Raw material and packaging 328.65 79.70 146.10 56.57 (182.55) (55.55) Labor costs 37.24 9.03 23.22 8.99 (14.02) (37.65) Depreciation costs

% THB mm % Raw material and packaging 179.04 80.77 71.50 60.69 (107.54) (60.06) Labor costs 21.98 9.92 11.33 9.62 (10.65) (48.45) Depreciation costs 8.64 3.90 10.06 8.54 1.42 16.44 Freight expenses 0.68

margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining

/(Decrease) For Nine Months Period Ended 30 September 2018 2019 THB mm % THB mm % THB mm % Raw material and packaging 256.39 80.28 109.18 60.53 (147.21) (57.42) Labor costs 30.97 9.70 15.90 8.81 (15.07) (48.66

นการยกเลกิการเสนอขาย หลกัทรัพย ์และการจองซือ้หลกัทรัพย ์เป็นตน้ Disclose other material information such as financial advisor, lead-underwriter, co-underwriter, effective date of registration statement

, due to the intense competition and the higher lubricant raw material costs. This led to the company’s net marketing margin to soften marginally. 3. As of Q1/2018, the total number of service stations