21.98%, 15.52% and 26.76% for year 2018, 2019, and 2020 respectively. because the company has increase sales including Profitable on exchange rates compared to US dollars. and decrease the cost as

profitable assets or stock repurchase 3. overproducing Relate to changes in estimates and accounting policies. Accruals depend on judgements of management teams within the constraints of generally accepted

arbitrage opportunity under Put Call Future Parity seem to reduce gradually. Absence of total transaction costs • Short strategy was quite more profitable than the long one. • Occurrence of short strategy was

started from this quarter. - Restaurant business decreased THB 17.59 million, down 11% compared to the same period of last year mostly from the decline in household spending and closure of 14 non-profitable

/USD 32.31 in 2018 which was 5% stronger than the THB/USD 33.93 in 2017. Exceptional Items There were no Exceptional Items in 2019, 2018 or 2017. Subsequent Event None reviewQ419.xlsx MD&A 2019 24/02

34.25 in 2015. Exceptional Items There were no Exceptional Items in 2017, 2016 or 2015. Subsequent Event None

uncertainty concerning entity’s ability to continue as a going concern (paragraph........); ( 5.2 An uncertainty relating to the future outcome of exceptional litigation or regulatory action (paragraph

uncertainty relating to the future outcome of exceptional litigation or regulatory action (paragraph........); ฆ 5.3 A major catastrophe that has had, or continues to have, a significant effect on the entity’s

apply) ( 5.1 Using of going concern assumption appropriate but a material uncertainty exists (paragraph number.......) ( 5.2 An uncertainty relating to the future outcome of exceptional litigation or

property to reserve for its expansion projects regarding the committed growth and sustained profitable on such investment to all shareholders as per attached information memorandum regarding the connected