Eastern regions contracted compared to the same period of 2019 due to the global economic slowdown and the COVID-19 pandemic, which are major negative impact to confidence and revenue of all business

remains fragile with the local political situation and recession risk creating uncertainties in several regions. At the same time, the geopolitical risk continues catalyzing global supply chain disruption

3 – 5% In 2023, the macroeconomic outlook remains fragile with the local political situation and recession risk creating uncertainties in several regions. At the same time, the geopolitical risk

modified vehicles to promote products under the "Advice" brand in key regions. The activities aimed to boost brand awareness among customers in upcountry provinces. Additionally, the Company conducted sales

quarter of 2017. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is

all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. Management’s Discussion

turn back increasing continuously until the second quarter of 2017. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material

foster marketing position of energy drink under Carabao trademark in the large and high potential growth regions of the UK and other overseas markets outside Asia;  Diversify source of revenue flows and

the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic

high potential growth regions of the UK and other overseas markets outside Asia;  Diversify source of revenue flows and reduce degree of reliance on energy drink market in Thailand; and  Pursue growth