previous Quarterly To: The President The Stock Exchange of Thailand As a result of the trade war, both the United States and China have pulled the world economy down sharply and may cause a recession in the

. Japan 8. Korea, South: Republic of Korea 9. Principality of Liechtenstein 10. Luxembourg: Grand Duchy of Luxembourg 11. Malaysia 12. New Zealand 13. Singapore: Republic of Singapore 14. United Kingdom

Phase V according to process of the work's success. As a result, the operating results for the twelve months ended 31 December 2019 are as follows: - Sales increased from 346.16 million Baht in the year

oil and labor costs In the first quarter of 2019 The Company is able to deliver work that has been postponed from the previous year to more customers and recognizes revenue according to the success of

which quarterly sales hit the record high in this quarter. Moreover, the Company still put an emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international

revenue according to success of the production line project. - Cost of sales increased from 269.22 million Baht in the third quarter of 2018 to 354.48 million Baht for the third quarter of 2019

emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international business base by tapping into new export markets, for example, Singapore, Iran, Papua New Guinea

A- , MALAYSIA AA , UNITED KINGDOM AA , KOREA 252,190 229,993 47,480 17,734 6,411 4,216 3,096 2,618 2,502 10% 7%20% 7% 1.1% 35% 19%47% 47% JANUARY 2021 0.02 (2%) 0.55 (38%)0.89 (61%) Equity Fixed

BBB , INDONESIA AA , KOREA AA , UNITED KINGDOM 186,818 164,187 31,291 13,652 3,564 2,701 2,182 1,976 1,954 9% 7%19% 6% 0.0% 42% 16%42% 42% FEBRUARY 2021 0.02 (2%) 0.39 (34%) 0.73 (64%) Equity Fixed

AA , UNITED KINGDOM AAA , AUSTRALIA AA+ , HONG KONG 163,420 225,622 4,646 14,933 5,247 5,450 3,934 1,676 1,447 9% 6%21% 6% 1.1% 41% 14%43% 43% MARCH 2021 0.02 (2%) 0.41 (31%) 0.90 (68%) Equity Fixed