, the company’s gross margin has been widen from 33% of revenue in 1Q’18 to 36% in 1Q’19. The improved margin was not only attributed by the increase of fixed income from social security revenue and

increased by 22% yoy. This increase was driven by both non-social security and social security. Accelerated revenue growth from social security was not only due to the higher number of registered persons

reasons for the decline of cost ratio not only stemmed from the increase of SW income and non-sw income per head but also from the efficient cost management particularly staff cost. Administrative Expenses

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’ name CAZ (THAILAND) PUBLIC COMPANY LIMITED   Securities Code: CAZ   2. Date of action resulting in reporting obligation 11/12/2019 Thai Securities company KTB SECURITIES (THAILAND) PUBLIC COMPANY LIMITED

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’ name QTC ENERGY PUBLIC COMPANY LIMITED   Securities Code: QTC   2. Date of action resulting in reporting obligation 18/02/2020 Thai Securities company FINANSIA SYRUS SECURITIES PUBLIC COMPANY LIMITED