recent months. Prices on average have seen a decline but towards the end of the Q4 that trend had reversed and at key domestic customers prices have been rising. The impact of the weak US dollar is

costs decreased by 11.2%, due to lower weighted average cost of fund mainly from issuance of recent bonds with lower interest rate, together with utilization of short-term instruments. PERFORMANCE BY

franchise model. Such initiative reflects in the recent partnership with Lagardere travel retail, a pioneering global leader in the travel retail industry including duty free shop and retail stores in

initiative reflects in the recent partnership with Lagardere travel retail, a pioneering global leader in the travel retail industry including duty free shop and retail stores in airports, train stations and

costs as our fuel expenses have increased in recent months in line with the general trends on the solid fuel market. The operational efficiency improvement projects will along with fixed cost discipline

reflects in the recent partnership with Lagardere travel retail, a pioneering global leader in the travel retail industry including duty free shop and retail stores in airports, train stations and travel hub

COVID-19 pandemic Due to the outbreak situation of the COVID-19 virus as well as the government’s recent decision to activate the state of emergency by travel restrictions and the closure of venues

recent dividend payment and net loss during the year. Financial Ratio Financial Ratio As of December 31, 2019 As of March 31, 2020 Liquidity Ratio (times) 23.97 12.15 Debt to Equity Ratio (times) 0.04 0.11

percent for three months period and increased by 5.6 percent for the nine months period respectively. Most of the higher expenses are staff expenses that are normally raised and the increased delivery costs

THB 53 million or 90.0%, most of which are sales of bottles to 3rd party under the operation of Asia Pacific Glass Company Limited, which not only generate incremental revenue to the Company but also