December 2019 To: Managing Director of the Stock Exchange of Thailand Business Overview In 2019, the impact of trade war between the United States and China, together with the global economic slowdown caused

and caused a material fall in in number of tourists especially from China which is our target customers. The number of Chinese tourists slid about 1% from the same period last year (source

million baht or 3% from last year. This was as a result of an increase in personal expense by 4% caused by increasing employment of the Company’s subsidiaries, increases in rental cost of the Company’s

) • In Q2/2017, cost of sales of goods and rendering of services increased by Baht 94 million or 4%. This is mainly caused by the cost of raw materials that increased by Baht 99 million or 5% which was

synchronize with the reclassification of the assets as mentioned above. 5. Decrease in deposits from long-term lease agreement of THB 63.9 mm. This was caused from the reclassification of liabilities to

its operating caused by maintenance expenses in June 2017. Selling Expenses The company’s selling expenses as of the 2nd quarter of 2017 was THB 2.63 million, which decreased by THB 6.45 million or by

same time, banks offered help to customers who had suffered from the slow economic recovery while taking care of loan quality and cost management. Government rules and regulations caused commercial banks

of the Thai baht and the intense competition which caused the exports to shrink from the previous year. Domestic consumption was also affected by high living expenses and household debt, as well as the

relatively high delivery project value. Furthermore, in Q2–2020, the Company was affected by the ongoing outbreak of COVID–19 which caused the customers change their work methods and slow down their operation

million or decreased at 11.4 percent. The mainly caused the high of page 3/6 competitive pricing in the market, especially decrease from the following product groups in snack and confectionary, bakery mix