Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE

campaigns across Beverage and Food businesses resulting in higher sales growth while maintain spending level. Administrative Expenses Administrative expenses of Q3’2018-2019 was Baht 519 million, about flat

March 2018 to 23.0% in the same period of 2019 which was mainly due (1) change in sales mix with more contribution from brands with higher food cost (2) negative same-store sales growth of 4.4% and (3

increase of take-home products and higher orders through food delivery services, which usually have lower gross profit margin than products served on-site as a result of higher packaging cost. EDITDA and

decrease 11 Million Baht. Gross Profit for DDUS was 260 Million Baht representing 7% decrease in gross profit versus prior year due to a challenging US retail environment higher food costs, changing product

environment higher food costs, changing product mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and

2019 which was mainly due to (1) change in sales mix with more contribution from brands with higher food cost (2) negative same-store sales growth and (3) increased cost of branch staff, rental and

. • Gross profit margin in Q1/2022 was 60.6%, increased from 58.7% in Q1/2021, mainly due to the higher proportion of sales from dessert café, which have higher margin than food delivery and take-home

due to financial statement adjustment in accordance with new Thai accounting standards, higher employee benefits accrued, and administrative expenses recognition from Long Quan Safe Food JSC (LQSF). Q1

standards, higher employee benefits accrued, and administrative expenses recognition from Long Quan Safe Food JSC (LQSF). Q1/2019 Finance Costs The Company and its subsidiaries recorded finance costs of Baht