are potential to implement the effective cash management right their proficiency and high experience. - Opinion of the Board of Directors and Audit Committee which is different -None - B. Purchasing Air

. Moreover, there was a high base in Q4’2017 since the market reacted to an announcement of the new excise tax imposed to RTD Tea before the regulation became effective in mid Sep’17. Although the challenging

imposing a temporary closure of certain premises including the restaurants which are allowed to sell take- away only effective from Mar 22, 2020 As a result, the revenue from sales and services dropped

when compared to 7.9% in 3Q17 and 7.2% in 2Q18, due to effective cost control as well as lower service & administrative expenses which corresponds to the strategic of emphasizing the efficiency in ARPU

past several years. Also, the change in accounting standards, which effective in 2020, affects the scheme of provision allowance for non-performing loans of financial institutions. However, it is

ending on 31 December of every year to 1 October and ending on 30 September of every year effective from 2016 onwards, in which the 2016 fiscal year will be starting on 1 January 2016 and ending on 30

net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

from additional investment in machinery to improve production efficiency, reduce production cost, and prepare for increased level of production; 3) lower sales proportion in Branded domestic sales which

Financial Reporting Standard No. 16 : Lease (TFRS 16), effective 1 January 2020, has impacted the Company and its subsidiaries’ financial statement in recognizing a right-of-use asset and a lease liability in

16,553.01 million baht and 1,419.84 million baht respectively, increasing 4.10% and 13.73% from the previous year. Furthermore, the company has continued to focus on both operational efficiency improvement