from (1) and (2), it has been found that the Company still has high limitation. Hence, the Company has studied the possibility to move the location of the project to reduce the distance for raw material

shall be made with right of recourse and without any waiver or limitation of liability of the endorser, or the guarantee shall be given unconditionally for the whole amount of principal and interest, as

with right of recourse and without any waiver or limitation of liability of the endorser, or the guarantee shall be given unconditionally for the whole amount of principal and interest, as the case may

consistent increase in its retail channel sales; the main distribution channel, from the Company’s strategy to enlarge its customer base, and debuted the B20 Diesel product in tandem with a special price

Water Volume (Million Cu.M) For the three-month period For the nine-month period Q3/2019 Q3/2018 YoY % 9M/2019 9M/2018 YoY % Total distribution volume 78.09 64.56 13.54 20.97% 235.33 188.13 47.20 25.09

3.5% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking

/2019 Q2/2018 YoY % 1H/2019 1H/2018 YoY % Total distribution volume 79.88 61.64 18.24 29.60% 157.23 123.57 33.66 27.24% Internal usage for tap water 7.32 7.20 0.12 1.62% 15.20 14.92 0.28 1.88% Net raw

section. Distribution costs and Administrative Expenses (SG&A) In 2Q19, the Company’s distribution costs and administrative expenses was THB 238.2mn, increased by THB 47.9mn, or 25.2%% YoY from THB 190.2mn

or 4.7% supported by growth in sales of branded product by our own manufacture due to the recovery of the domestic energy drink market and increasing variety of 3rd party product for distribution while

distribution while branded product by 3rd party manufacture remains stable as last year. For sales by channel, traditional trade reduced by THB 73 million or 7% while modern trade and cash van increased by THB