quarter does not have administrative expenses and expenses related to feasibility study research on new domestic and international projects for the business expansion of the Company like in the previous
increase in the number of staff to serve the business expansion. The finance costs during 3 months ended the third quarter of 2019 was THB 147.7 mm, which decreased by 49.6%. For during the first 9 months
office has been relocated to support such expansion, resulting in cost of moving and amortization of original office improvement, which subsidiary companies later fully operate making operating results of
the Group continuing expansion and new project development. Finance costs Q1-2021 Q1-2022 THB Mn THB Mn THB Mn % Finance costs 34.1 34.5 0.4 1.2% Change Finance costs for Q1/2022 compared to Q1/2021
in the process. Major projects in progress such as the Project of the development for train tracking system and cargo management of the State Railway of Thailand, the GDCC Service Expansion (VM
lease liabilities of THB 5.62 million, which was an increase from the lease of the Company’s new head office to support the expansion of the team according to the planned increase of scale and scope of
easier to operate. In addition, the Company had delivered several large-scale projects in this quarter, such as the GDCC Service Expansion (VM) Trading Project of National Telecommunications PCL, the
project values than the previous quarter. This was partly due to the expansion of government investment expenditures regarding the distribution of transportation agencies. Many IT projects have been
costs to support the expansion of the team according to the number and scope of services that have increased. The mentioned additional services have been made available since June 2023 and clearly began
additional capital through fund raising for its business expansion, or CAZ’s loan repayment, and/or reserve as working capital. 2. CAZ will have more channel to the future fund raising, which has more