company had return from bad debts approximately Baht 3 .6 2 million, but no more those in year 2018. 2. The company had an increase of staff costs approximately Baht 4.25 million. Allowance for doubtful

26 February 2020 Subject : Management Discussion and Analysis for 2019 To : Director and the President, The stock Exchange of Thailand Yggdrazil Group Public Company Limited (“Company”) would like to

in administrative expenses of the Company and its subsidiaries and allowance doubtful account increased by Baht 16 million and employee benefits for employees who have worked with the Company 20 years

payment from the accounts receivable that the Company has already recognized allowance for doubtful accounts. Baht 13.54 million was deducted from administrative expenses. 3.3 Financial cost for the third

period of previous year as amounting of 69.57 Million Baht due to the company has reversal of allowance for doubtful account of loans receivable of 3.88 Million Baht thus year 2017 the subsidiary as

this year. During the first half of this year, the Company has recorded more provision of doubtful debt for THB. 2.6 million. In addition, advisory & other fee decreased by THB 1.3 million during 3Q17

ACS Servicing (Thailand) Co., Ltd. Expenses The Company’s expenses mainly consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. The Company had total

employees etc. 4.3 Other expenses 4.3.1 In the year 2019, the doubtful account of company at Baht 0.08 million, decreased Baht 1.55 million, decreased 95.09%, compared to the year 2018, Which charged fee from

, the doubtful account of company at Baht 1.63 million, decreased Baht 0.76 million, decreased 31.80%, compared to the year 2017 ,Which charged fee from join venture agreement project and claim damages

1.52 million or 1.59% compared to the year 2017 because of increasing of wage, welfare for employees etc. 4.3 Other expenses 4.3.1 In the year 2018, the doubtful account of company at Baht 1.63 million