income decreased by 14.4%, with 19.4% decrease in automotive parts businesses and 0.8% decrease in dealership businesses. 1) Automotive Parts Business; Thailand car production decreased by 21.0% in Q3 2024

; Thailand car production decreased by 18.5% in Q1 2024 hence lower volume from major customers. Our revenue outperformed the industry however thanks to our geographic diversification and satisfactory

Management Discussion and Analysis for the year 2023 2 Thailand car production decreased by 12.3% in Q4 2023. The decrease in revenue was due to the following reasons: 1) Automotive Parts Business; Lower

domestic sales of 550,000 units, or decrease of 7.4% from 2023’s. 2024 is shaping up to be a very challenging year for Thailand auto industry as evidenced by a significant reduction in car production volume

QR Auto Car Ltd. QR Auto Car Ltd. aided and abetted Mr. Sompong Witthayaraksan, former chairman of S.E.C. Auto Sales and Services Plc. (SECC) responsible for the operation of the company and

on new electric vehicles which resulted in a decrease in automobile output. 2) Car Dealerships Business; Higher sales in dealership business both in Thailand and Malaysia. In Thailand, sales growth was

% Change Production 504,458 516,879 -2.40% 1,065,945 1,056,569 0.89% Domestic 260,221 252,025 3.25% 523,770 489,118 7.08% Export 260,020 266,730 -2.52% 559,861 561,960 -0.37% Total vehicle production volume

reduction due to microchip shortage which has negatively impacted total car production in Europe. The dealership business experienced lower sales both in Thailand and Malaysia compared to Q3 2020 mainly due

higher value product range are the main driver for higher revenue. We report growth in all our key markets; Thailand, Portugal and China grew 3.6%, 7.1% and 12.7% year-on-year respectively. 2) Car

growth. However, China operations decreased slightly by 4.8% due to the rapid spread of Covid-19 after the relaxation of China’s zero Covid policy during December which resulted in a decrease in automobile