, harmonized packaging specification, and reduced bottle weight. - Osotspa maintained its strong leadership position in both energy drinks and functional drinks markets and played a major role as a market growth

December 2018 and 2019, selling and distribution expenses increased from THB 799.1 Mn to THB 901.9 Mn respectively, an increase of THB 102.8 Mn or 12.9%. The Group focused on more efficient marketing by

the increase of trade receivables-third party of service of electricity distribution. • Property, plant and equipment has increased Baht 40.93 million, as a result of assets for solar energy. • Cash and

/2017 YoY % Total distribution volume 68.17 59.67 (8.49) (12.46%) 216.87 196.67 (20.20) (9.32%) Internal usage for tap water 8.12 6.76 (1.36) (16.76%) 23.51 22.70 (0.82) (3.47%) Net Raw Water Sales Volume

MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR 2017 3 Raw Water Volume (Million Cu.M) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total distribution volume 65.15 59.46 (5.69) (8.73%) 282.02

summary as follows:- 1. Nature of operations of the Group The Group has principally engage in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water

operations of the Group The Group has principally engaged in distribution of product and equipment, design, assembly and installation, and maintenance service of pure water treatment system; including operate

Project Investment 1,456.31 100.00 6. The Basis of the Value of Consideration Paid The Company will enter into the assets acquisition transaction by investing in the MDF Board production and distribution

acquisition transaction by investing in the MDF Board production and distribution with the investment value not exceeding Baht 1,456.31 million. The basis of the values consideration paid in the transaction is

Company’s major export counties.  Export CMG sales decreased by c.50% YoY, since there was some customer ending the distribution contract with some retailer which resulted in reduced sales volume since Q4