Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated Financial Results: Q4’19 and FY2019 26 February 2020 FY2019 Management Discussion & Analysis Page 1/6 Financial

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Q1’20 Consolidated Financial Results 12 May 2020 Q1’20 Management Discussion & Analysis Page 1/6 Financial Highlights

Taokaenoi Food & Marketing Public Company Limited (“Company”) would like to clarify the sales revenue and net profit in the consolidated financial statements for the six-month period ended June 30, 2017 as

contributed by the performance of “Fit Fast Firm” projects e.g. lower cullet costs, new formulation, lower sugar costs and light-weight bottle, however, somewhat offset by cost increase from natural gas. - The

Q1-2020 (Jan-Mar) operating results based on its reviewed consolidated financial statements ended 31 March 2020 as follows. Highlights on Q1-2020 Operating Results Unit : Million Baht Q1-20 Q1-19 Q4-19

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation

Board of Directors approved the interim dividend payment of THB 0.45 per share, approximately 78% payout ratio of the consolidated net profit, set to be paid on 11 September 2020. *Net Profit = Net Profit

Cost, the transaction value will be equivalent to 1.37% of the Company’s Net Tangible Asset (NTA) based on the Company’s reviewed financial statements on a consolidated basis as of 30th September 2018

regulatory changes, the National e-Payment Master Plan, fast-changing technologies and changes in consumer behavior. KBank has emphasized synergy with K Companies, strategic partners and startup firms for

other challenges remain. They include fast-changing technology, wherein non-bank players are joining the fray and playing an increasing role in the market as alternative service providers for consumers