, returns and financial statements • All stocks that listed in Thailand, active and inactive • SET + MAI • July 2001 - July 2022 • Follow Fama and French (2018) and Hou et al. (2015) for factor construction

of the asset or project, with no further disclosure or documentation required. • An orange circle indicates where eligibility is conditional on meeting specific requirements. These requirements are

connects with other rail lines such as Green Line, Purple Line, Orange Line, Red Line and Airport Rail Link which is convenience for the passengers. (Translation) Bangkok Expressway and Metro Public Company

venture - A Woody Drink company limited (“AWD”)’s management. In June 2020, the Company released Woody C+ Lock Orange Flavoured while began to export to neighboring countries in CLMV in a non- significant

described and documented, automatically meet the Criteria requirements, with no further disclosure or documentation required. • An orange circle indicates that the eligibility of these assets is conditional

securities company, when requested under the KYC/CDD process; (4) the account is re-activated by a large size of transaction after being inactive for some time; (Unofficial Translation) - 8 - (5) significant

-face meeting) with staff of the securities company, when requested under the KYC/CDD process; (4) the account is re-activated by a large size of transaction after being inactive for some time

are considered to achieve the threshold under all circumstances (or in almost all circumstances, where edge cases are considered insignificant);  Orange: types of assets that will need to be considered

new flavors under Carabao Energy Drink Mandarin Orange. 2 Gross profits and gross profits margin Gross profits amounted to THB 1,003 million, rose by THB 125 million or 14.2%, representing gross profit

together with new flavors under Carabao Energy Drink Mandarin Orange. For the first half in 2018, revenue from sales amounted to THB 6,977 million increased by THB 793 million or 12.8% driven by overseas