Bear • Change the Climate Change by Eco Event Data from January - December 2020 Garbage volume (Ton)1,580 Recycled garbage (Ton)1,273 Associate Supplier Customer Community New Product New Packaging Raw

sales volumes. The sharp decline in the Finished Goods prices has also led to a decline in Raw material prices and the Company suffered devaluation loss on Finished Goods stock, Raw Material in stock and

28.8 MB, increased from Q2/2019 in the amount 10.3 MB, or 55.85 percent (18.4 MB in Q2/2019) as result from employee expense, provision for obsolete product and the impact from the Thai Financial

Shipping insurance Selling price to end- customer Terms & Conditions Supplier Retain legal title - Determine the prices - Have physical possession with a right to return unsold/obsolete items to supplier

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

10.06% as compared to 2016. However, higher proportion of cost of sales to net revenues from sales increased from 48.69% to 49.08% as a result of increasing prices of goods and raw materials including

million, because the Company had order to be used for the production of raw material to customers increased. - Investment in associated company decreased for 29.57 million Baht, because share of profit of

increased 31% are results of volume impact in domestic market and also selling price adjustment to trade, regarding to raw material cost increase. ⚫ Total expenses increase 30% are mainly reflected by

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees