push the products through key channels nationwide, especially the modern trade ones, and (3) sponsorship fees payable to Chelsea Football Club Limited made by both CBD and ICUK, as well as sponsorship

liabilities of THB 3,462 million, decreased from December 31, 2016 by THB 246 million or 7%, mainly attributable to THB 302 million lower account payable since the company did not need to reserve inventory as

and postpaid segment. Total liabilities of Bt220,275mn, decreasing 5.4% YoY, was mainly driven by 25% decrease in long-term borrowing at the end of 2019. However, trade payable was Bt22,037mn

% 55.72 2.63% Account payables, trade and others 4.85 0.26% 368.07 17.38% Income tax payable 3.85 0.20% 6.64 0.31% Other current liabilities 0.01 0.00% 9.76 0.46% Total current liabilities 261.68 13.80

long term loan as schedule in an amount of 560.00 million Baht. - Short-term loans from financial institutions were 572.00 million Baht, increased by 267.00 million Baht. - Payable for financial leasing

– 21 Q4 – 22 VS Q4 – 21 (MB) (MB) % Trade and other payables 921.0 790.8 130.2 16.5 Income tax payable 53.3 29.3 24.0 81.9 Contract liabilities 272.9 405.9 (133.0) (32.8) Other current liabilities 66.7

2.55% (1.60) (2.30%) Income tax payable 12.29 0.48% 7.81 0.29% (4.48) (36.43%) Short-term provisions 9.36 0.36% 9.05 0.34% (0.31) (3.29%) Total current liabilities 2,061.82 79.72% 2,164.41 81.25% 102.60

4.53% Current portion of long-term borrowings 18.20 0.70% 15.41 0.58% (2.78) (15.29%) Current portion of lease liabilities  69.56 2.69% 72.10 2.73% 2.54 3.66% Income tax payable 12.29 0.48% 10.55 0.40

2nd independent financial advisory firm to reevaluate the fair value of the investments by using income approach method, discounted cash flow to present value, and Black-Scholes option pricing model

back to normal next year. We are confident with our new mission in moving forward is to become a Health-Driven Global F&B firm through a 4R strategy that we have already started to implement as follows