brand awareness and sampling to create product experience. Group’s administrative expense amounted to THB 609 million, increased by THB 85 million or 16.3% due to (1) administrative expense of Asia Can

year of 2019 and more efficient cost management that caused selling and administrative expense to decrease by 1.5% from the year of 2018. For the branches expansion in the year of 2019, the company

Baht 60 million, loss decreasing from Q4/2018 that recognized net loss Baht 143 million. Greater performance resulted from efficient process improvement as well as selling and administrative expense

borrowing as financing for (1) the acquisition of Thai food business and (2) dividend payment. Tax Expenses Income tax expense decreased slightly from THB 20.9 Mn in 2016 to THB 20.1 Mn in 2017 a decrease of

% YoY and 0.4% QoQ with 322k net subscribers added while 4G penetration continued to rise to 63% . Nonetheless, with our focus on brand and network investment, we continued to see improving perception

by Baht 94 million or 5.9% from last year, which was 1,591 million. Mainly it was from spending control efficiently due to the success of Brand investment strategy, Moreover, there was a joint

and excise tax rate. - OSP, as a market leader, drove energy drinks market back to growth at the rate of 5.7% in 2019, versus 0.6% last year. By using multi-brand portfolio and consumer-centric

management continued resulting in controlled network OPEX. SG&A rose in the quarter to support customer acquisition and the one- time expense of Bt134mn on withholding tax. As a result, normalizing the one

of 265 million Baht, decreased by 42% or by 191 million Baht due to the absence of specific business tax and residence transfer expense. In 3Q 2019, the Company had a total finance costs of 219 million

compensation for branded products; 6) higher selling expenses from multiple new products launch; 7) higher R&D expense; 8) higher audit fees and consultant fees from new businesses establishment; and 9) higher