materials and packaging items which are expected to cause more cost savings throughout the rest of year. Gross profit margins for the branded products under own manufacture for domestic business were 38.9 in

• Project Olympus is on track and will bring in over US$76M run rate cost savings in 2020 (US$44M realized in 1H20). We enhanced our focused on our 5 strategic priorities as these will help us build

. Project Olympus is on track and will bring in US$76M run rate cost savings in 2020. We decided to remain focused on our 5 strategic priorities as these will help us build sustainable advantages for the

increase in deposits from the government sector in both current and savings accounts, and special deposit products under long-term programs introduced by certain banks. Liquidity in the Thai banking system

those are savings products, loan solutions or financial investment advice. In this quarter, KBank introduced special fixed-term 12 deposit and bancassurance products which were offered via branches in

7.125 7.125 MLR 6.000 6.250 6.250 6.250 6.250 6.250 Deposits (%) Savings 0.500-0.625 0.500-0.625 0.500-0.625 0.500-0.625 0.500-0.625 0.500-0.625 3-month Fixed 1.000 1.000 1.000 1.000 1.000 1.000 6-month

(%) MOR 6.875 7.125 7.125 7.125 7.125 7.125 MRR 6.875 7.125 7.125 7.125 7.125 7.125 MLR 6.250 6.250 6.250 6.250 6.250 6.250 Deposits (%) Savings 0.500-0.625 0.500-0.625 0.500-0.625 0.500-0.625 0.500-0.625

than the peak in Q1 2018 therefore easing somewhat the 2019 cost pressure. The optimization in plant layouts, internal logistics and peak electricity consumption has resulted in cost savings that have

to 4Q/2019, respectively. The ramping up in utilization rate had been an instructive factor to cost savings of the non-carbonated canned energy drink under Carabao brand throughout the year. As a part

target of THB 500 – 800 million through product reformulation, packaging harmonization, raw material cost savings and production efficiency. Osotspa Public Company Limited Management’s Discussion and