reduction in the price of raw material which is the main cost of sales of Page 3/6 the Group. The Group also adjusted selling price since May this year. In addition, the new menu launched in July and August

million or 2% from Q1/2020 • However, EBITDA margin in Q1/2021 was 31.5%, increased by 5.1% from Q1/2020 as a result of the effective control of selling and administrative expenses under the implementation

in operating results from GLOW that has been impacted by GHECO-One in which the selling price has fallen in Q3/2019, a seasonality effect usually occurring in the third quarter of every year. In

8.43 3.16 Cost of goods sold 151.91 146.56 5.35 3.65 Selling and administrative expenses 105.32 91.74 13.58 14.80 - Selling expenses 49.09 39.83 9.26 23.25 - Administrative expenses 56.23 51.91 4.32 8.33

Baht) Separate financial statements 2018 2017 % Change Sales and Service Income 1,940.22 1,979.16 (1.97) Cost of Sales and Services 1,572.51 1,525.25 3.10 Selling and Administrative Expenses 218.91

profit 1,485,253 1,058,006 427,247 40.38 Gross profit margin (%) 32.67 34.52 (1.86) (5.38) Total revenue 4,713,138 3,264,365 1,448,772 44.38 Total Cost & Expense 4,385,762 3,012,725 1,373,037 45.57 Selling

Expenses 184.3 24.7% 185.2 25.6% 0.9 0.5% Selling Expenses 80.9 10.8% 96.5 13.3% 15.6 19.3% Administrative Expenses 54.5 7.3% 65.0 9.0% 10.5 19.3% EBIT 49.0 6.6% 23.7 3.3% -25.3 -51.6% Finance Cost 53.6 7.2

of goods sold. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses, utility expenses, and other selling expenses such as marketing and

1,128 -25% Other income 4,880 3,069 59% 10,913 9,765 12% Selling expenses (130,818) (104,509) 25% (245,678) (203,601) 21% Administrative expenses (98,907) (127,559) -22% (180,901) (219,785) -18% Financial

fixed asset investments such as 1.5 Tesla Magnetic Resonance Imaging Scanners and CT Scan 192 Slices in amounts of Baht 40.50 million and 19.18 million, respectively. Selling Expenses The selling expenses