Automatic Optimization System Chiller & AHU Control Lighting Control Output Automatic Control Higher Productivity On Time Reduce Human Error Resource Efficiency 20 Store Head office (Maintenance Center) 10

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due largely to healthier growth of exports and tourism, especially in the first half of the year. Meanwhile, the government continued to implement measures to promote and strengthen the domestic economy through support of investment and private spending as well as bolstering opportunities for other econo...

the Non-oil business operated under the Bangchak Retail Co., Ltd. still perseveres with development and expansion, both for the SPAR supermarket business & convenience stores, and Inthanin Coffee shop

Sales and revenues f more than t For 9-mon same perio reasing are quarter of compare t sales were he Company lt of shop m debt coll t. For 9-mo llion baht o higher debt over, the C m rental an hs period o

targeting tourists and focusing on duty free shop distribution. Table 1 : Sales Revenue by Product Line for the Three Months Period Ended 30 June Product Line/ Business Group Consolidated financial statements

% respectively thanks to the introduction of gift sets targeting tourists and focusing on duty free shop distribution and the promotion of the products in the Philippines during the end of September 2018 while

% which was resulting from same store sales growth at 11.87% and new branches at 5.55%. Sale is growth from sale of the old collections and collections that launched during 2nd quarter 2019 which these

decreased by 1.8% from 1H/2020 due to the reduction in the proportion of in-store sales and sales of raw materials to Mikka franchisee which has lower margin than normal product sales • The Company’s EBITDA

. Improving Business Operations in Response to COVID-19 situation During January 2022, The company opened its first overseas branch in Hong Kong following a successful market trial via “Pop-up Store” format to

product launched for example, roasted seaweed, Family Pack, and Whey Protein and expansion of the sale channel via online and Tao Kae Noi Land shop including marketing in various country which has a high