- Translation - Page 1 of 4 CBG 013/2020 8 May 2020 Subject Management discussions and analysis for the 3-month period ended 31 March 2020 To President The Stock Exchange of Thailand We, Carabao

& Calpis grew 1.5% YoY and above market growth. C-Vitt became #1 brand in functional drink with market share of 23.3% in Q3’18 from 16.9% in Q2’18. Domestic Personal Care grew 9.1% YoY. At constant FX

-1 1 Ref. LPN/SorKor/098/2564 6th May 2021 Re: Financial Statements Analysis Report Q1/2021 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co.,Ltd. would like to submit the

- Translation - Page 1 of 5 CBG 023/2020 7 August 2020 Subject Management discussions and analysis the 3-month and 6-month period ended 30 June 2020 To President The Stock Exchange of Thailand We

marketing strategy, OSP market share was maintained at 53.5%, aligned with our mid-term guidance. In Functional drinks market, C-Vitt, now a No.1 brand, strongly drove the market to grow by 19.3% YoY. At the

energy drinks market share at 53.8%, aligned with our mid-term guidance, by using multi-brand portfolio and consumer-centric marketing strategy. In functional drinks market, C-Vitt also maintained its

functional drinks (+26.2 YoY). Domestic beverage continued showing strong growth at 4.6% YoY from both energy drinks and functional drinks. Speed-up health and hygiene innovations made a turnaround of domestic

ตัวของอัตราก าไรขัน้ตน้ - รายไดร้วมจากการขายส าหรับ Q1’63 เตบิโต 5.0% YoY อยู่ที่ 6.7 พันลา้นบาท จากการเตบิโตในทุกกลุ่มธุรกจิหลัก โดยเฉพาะอย่างยิง่ กลุม่ Functional Drinks ทีเ่ตบิโต 26.2% YoY รายไดจ้า

ำหรับตลำดผลติภัณฑเ์ครือ่งดืม่ Functional Drinks เครือ่งดืม่ซ-ีวติ แบรนดอ์ันดับหนึง่ในกลุม่ผลติภัณฑเ์ครือ่งดืม่ Functional Drinks สรำ้งกำรเตบิโตอยำ่งแข็งแกร่งและผลักดันใหต้ลำดเตบิโต 19.3% YoY และท

Functional drinks market grew 6.6% YoY. C-Vitt, our strong No. 1 brand outperformed the market with the record high market share at 33.9% (+1190 bps YoY). Even though the functional drinks market grew at