of the two companies together. For Q1/2020, there are important factors and significant events in various aspects, such as the depreciation of the Thai Baht against the US Dollar, the decrease in price

remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing

/2019. 2/ Impact from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 which caused higher depreciation and interest expenses (net after tax). Operating

-- DRAFT Principles -- (Unofficial Translation) PAGE (Unofficial Translation) - 2 - Readers should be aware that only the original Thai text has legal force and that this English translation is

-- DRAFT Principles -- (Unofficial 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

Microsoft Word - STNYKhor 3_2550_final.doc (Unofficial Translation) Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for

/2023, the Company opened 2 new Luggaw branchs at the EmSphere and the The Mall Bangkae branch. Luggaw will focus on selling a variety products made from Thai fruits. In 2024, the Company plans to expand

new dessert café, located at Siam Center. The Company continues to focus on expanding branches to areas that are tourist attractions and residential areas with high purchasing power and have a large

exchange of Baht 69.3 million in Q3 2023, due to appreciation of Thai Baht in Q3 2024. Loss on foreign currency exchange in Q3 2024 was related with the account receivable in USD. However, Gain on foreign

environment The Thai economy for the year 2019 exhibited a decelerating trend. Private consumption slowed down in almost all categories especially in durable goods from the contractions in vehicle sales partly