Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version shall prevail

1st quarter of 2021, as follows: Business Overview The Thai economy in the first quarter of 2021 was pressured by the domestic COVID-19 situation that impacted the country’s economic recovery momentum

. The growth in this business unit was mainly driven by full-quarter consolidation of International Advertising operated by VGI Global Media (Malaysia) Sdn. Bhd. (“VGM”), which started in July 2019

the accelerating growth both in terms of value and percentage change of sales of energy drink in overseas. Revenue from sales by business Unit: THB million 31 Mar 17 31 Mar 18 Amount Percent Branded

mentions, the Thai economy was expected to improve further which the Bank of Thailand projected to record growth of 3.5 percent in 2017, and 3.7 percent in 2018 (as of June 2017). However, the economic

position for the first quarter ended March 31, 2019 with those of 2018. This report discusses principal changes in the unreviewed consolidated financial statements. Overall market environment The Thai

the underpricing of risks. The Thai economy in 2017 is expected to grow by 3-4 percent. The main growth drivers include export growth, in line with global economic recovery, that would propel production

than 3.2 percent growth last year. Strong export growth in both goods and services is the main contributor of Thai economy this year, following the good expansion of trading partners’ GDP and the number

world economic growth and the customer's sales growth. reviewQ419.xlsx MD&A 2019 24/02/2020 The groups sales revenue are in foreign currency (primarily USD) and USD currency costs are approximately 60

ended 30 June 2017 To: President The Stock Exchange of Thailand The Thai economy expanded in the 2nd quarter driven by the export and tourism sectors. However farm income growth is still subdued, as