) to (13) combining hold shares exceed 75% of share which entitle to vote; (15) foreign investors having qualifications as the investor prescribed in (1) and (2) “retail client” means client other than

Total Shareholders ' Equity -42.22 -26.39 -15.83 59.98 Basic Loss Per Share (Baht) -0.02 -0.09 Gross Margin 3.80% -11.00% Net Profit Margin -52.16% -42.47% Debt to Equity Ratio (Time) -9.36 -16.47 Total

Expenses (130.8) (152.9) -14.5% Finance Costs (366.6) (459.9) -20.3% Share of Profit from Investments in Associates and Joint Ventures 2,047.4 1,936.1 5.7% Income Tax (Expense) Income (49.1) (18.2) 170.4

Depository Receipt Representing Foreign Securities IPO         P.S.P. SPECIALTIES PUBLIC COMPANY LIMITED / P.S.P. SPECIALTIES PUBLIC COMPANY LIMITED Common share IPO         PRIMO SERVICE SOLUTIONS PUBLIC

, a 89.8% decrease from 1Q2019. (Unit : Million Baht) Consolidated Financial Statements 1Q'20 1Q'19 % Change Total Revenue 430.3 459.4 -6.3% Gross Profit 136.5 183.4 -25.6% Normalized Share of Profit

% Normalized Net Profit/4 226.3* 457.1 102.0% 1,140.2* 1,720.9 50.9% /1 Including other income and share of profit from investments in associates and JVs /2 Gross profit including share of profit from

% Administrative Expenses (42.8) (37.5) 14.3% (118.6) (82.4) 44.0% Finance Costs (84.4) (84.2) 0.3% (245.5) (282.7) -13.2% Share of Profit from Investments in Associates and Joint Ventures 418.5 547.3 -23.5% 1,510.4

Baht 971 million and earnings per share of Baht 0.49 a decrease of 10% when compared to the previous year. The Company would like to clarify the reasons for the change in profits for 2019 compared to the

reason is from negative growth in both RTD tea market and Pure RTD tea market by 10.8% and 5.7%, respectively. However, The company maintain leadership position with the highest market share in both RTD

580.1 562.9 3.1% Other Income4 145.7 162.7 -10.5% Administrative Expenses (197.5) (130.8) 51.0% Finance Costs (342.0) (366.6) -6.7% Share of Profit from Investments in Associates and Joint Ventures