repeating proof of color and the higher waste than the standard setting, resulting in higher production costs. 3. Selling expenses For Quarter1 of the year 2019, the selling expenses was 2.96 million baht or

third quarter of 2017 was at 52.8%, compared to 54.0% in the same period of previous year. Notwithstanding if excluding revenue from a warehouse transfer, the repeating gross profit margin and genuine

which quarterly sales hit the record high in this quarter. Moreover, the Company still put an emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international

emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international business base by tapping into new export markets, for example, Singapore, Iran, Papua New Guinea

Investor Strategies for Incorporating ESG Considerations into Corporate Interactions www.blackrock.com www.ceres.org Century21st Engagement Investor Strategies for Incorporating ESG Considerations into Corporate Interactions [ 5 ] FOREWORD The Value of Our Voice ......................................................................................................................................... 1 How ESG Megatrends Are Shaping Valuation ...........................................................