for the imported raw material and goods because of Baht appreciation. Business outlook for Q4/2019 was expected that Thailand economy would be stable compared to the same period of 2018, in line with

, which is expected to commence in 2021. In 2019, Selling and administrative expenses (SG&A) level of spending was at 22.2% of sales (for Q4’19, SG&A spending was at 21.9% of sales), in accordance with the

because of Baht appreciation. Business outlook for Q1/2020 was expected that Thailand economy would be depressed compared to the same period of 2019, in line with economic and the slowdown of private

on page 6). At the end of Mar-17, the new NBTC Act was approved by the National Legislative Assembly and is expected to be officially published on the Royal Gazette in due course. In addition, AIS has

likely that the existing shareholders may not exercise their rights in full, which will result in the Company being unable to obtain enough funding as expected. The objectives of the issuance of the newly

increase is considerably high and it is likely that the existing shareholders may not exercise their rights in full, which will result in the Company being unable to obtain enough funding as expected. The

obtain enough funding as expected. The objectives of the issuance of the newly issued ordinary shares to the existing shareholders pro rata to their shareholdings (Rights Offering) are to utilize the

caused us a longer than expected lead time to initiate, go through their approval process and list our products to the shelves based on their conditions. Even though our sales volume of energy drinks under

high bargaining power of reputable modern trade operators. These altogether caused us a longer than expected lead time to initiate, go through their approval process and list our products to the shelves

Commercial Operation Date Within Quarter 1/2019 Expected Capital Expenditure THB 40-60 mn Project Risk HSMC is exposed to the foreign exchange rate movement due to the revenue is denominated in USD Expected