benefit to the Company and the shareholders. Therefore, the management team has conducted studies to find solutions to minimize the effects of this project. The Company has proposed solutions and discovered

expenses decreased amount of Baht 2 million while employee benefit expenses increased amount of Baht 1 million.  Administrative expenses Administrative expenses was Baht 44 million nearly the same period of

comprising of current liabilities of THB 2,693. 43 million ( 50. 59% of total liabilities) , long- term loans of THB 1,960.00 million ( 36. 81% of total liabilities) , provision for employees benefit of THB

of provision for employee benefit obligation during Q4/2020. • Admin expenses to total revenue in Q4/2020 was 18.6%, improved by 5.3% from Q4/2019 due to the decrease in revenue while administrative

84.7 82.1 106.1 77.4 (28.7) (27.0%) 322.3 350.3 28.0 8.7% Change QoQ Change YoY Administrative expenses comprised of employee benefit expenses, consulting fee, depreciation, public relation expenses and

etc. This is to prevent exploitation of company benefit against the use for personal gains. 12.2 The company has a policy that a transaction must be approved by the person who has no personal interests

of benefits from a client’s derivatives trading; (2) a person with the controlling power over a client’s derivatives trading; or (3) a financial supporter of a client for the benefit of trading or

with such person, the benefit arising from such transaction would be for the benefit of the persons under (1) or (2) ultimately; (4) a person with a close relationship with an intermediary, either by

%QoQ %YoY THB Mn THB Mn %YoY Administrative expenses 82.1 91.1 96.0 5.4% 16.9% 166.8 187.1 12.2% ChangeChange Administrative expenses comprised of employee benefit expenses, consulting fee, depreciation

comprised of employee benefit expenses, consulting fee, depreciation, public relation expenses and others. Administrative expenses increase 22.9% QoQ from Baht 96.0 million to Baht 118.0 million, increasing