that will make products obsolete? Alternatively, will CCS be cost effective at scale? • Operational and Reputation risk: Will banks provide debt capital? Will insurers underwrite policies? Is the company

excise tax and sugar tax following the Excise Act, B.E. 2560 which was effective since 16 September 2017; cost from trial runs and start-up of a new production line, driving higher yield loss; and cost

Customers” which become effective for fiscal years beginning on or after 1 January 2019. The Group chooses retrospectively adjustment in the period of initial application. For statements of financial position

year 2018 was Baht 422.85 million, which increased from the previous year by 2.73 percent, due to effective management of production cost and selling expenses. (2) Analysis of Operating Results and

target of THB 500 – 800 million through product reformulation, packaging harmonization, raw material cost savings and production efficiency. Osotspa Public Company Limited Management’s Discussion and

continue the Corporate Group’s growth rate, along with effective cost management to maintain profit margin target.

relation to new excise taxes in effective since 16 September 2017. However, the Company does not adjust the selling price to reflect the higher cost immediately. Instead, the selling price of ready-to-drink

comparative information. 2) The Board of Directors’ meeting on the 15th of January 2020 approved the appointment of Mr. Vichet Kasemthongsri as Independent Director and Audit Committee member, effective from

sale volume of outbound has not reached the target i.e. more than Baht 300,001 per month and the percent of variable cost from commission fee from estimation has been being increased every year due to

carrying out effective cost management to maintain profit margin target.