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“A study of potential factor investing strategy from ESG score and intangible capital in Thailand” “A study of potential factor investing strategy from ESG score and intangible capital in Thailand

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, supermarkets were under the restriction of operating hours while convenience stores was declined due to Thailand tourists inbound restriction and also curfew that declined local customers and tourists. 2

contribution from supermarket in Thailand, offsetting with closure of some convenience stores. In addition, the COVID-19 pandemic has positively impacted to our sales due to unprecedented demand for grocery and

develop a new strategy in expanding new stores in a small size format with largest convenience store chain in Thailand by selecting locations in a high density of community and nearby educational institutes

compared to last year due to COVID-19 measure such as curfew and international travel restriction. Moreover, the Company closed some convenience stores. However, sales from Food segment in Vietnam grew