dividend payment to the Company’s shareholders of Baht 243 million. Page 8 6. Forward Looking In 2017, the Company’s sales declined, in line with the contraction of the beverage market and the domestic ready

2 and Stage 3, the standard requires ECL allowances based on lifetime expected losses. Moreover, ECL also incorporates forward-looking economic scenarios into loss allowances. For 1Q20, expected

requires ECL allowances based on lifetime expected losses. Moreover, ECL also incorporates forward-looking economic scenarios into loss allowances. For 1Q21, expected credit losses totaled Baht 1,234 million

that could significantly affect financial position or future operation (forward looking) for investors’ understanding and be able to analyze future operation direction of REIT. 15. Trustee Opinions on

incorporate measurable forward-looking sustainability key performance indicators and sustainable performance targets into the financial and/or structural characteristics of bonds that are aligned with all five

หน้าที่ (Forward-looking Challenges) ตลาดรุนเป็นส่วนลนึ่งของระหหเศรษฐกิจลละสังคมของประเรศซึ่งได้รัหผลกระรหจากการ เปลี่์นลปลงของปัจจั์ต่าง ๆ รี่เกิดขึ้นรอหโลก การร าลน้ารี่ของ ก.ล.ต. ในฐานะลน่ว์งานภาครัฐรี่

E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017 maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the...

Thailand. Currently, our capital position is greater than the Bank of Thailand’s requirement, which is sufficient to cope with the growth of business operations both at present and in the future. 6 . Risk

cap on private spending, which may lead to rising risk in the future. Moreover, heightened risk from the global economy, including Thailand – coupled with digital disruption – negatively impacted

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened amid high household debt, whereas public investment and the government’s budget disbursement were aff...