Audit Committee Board of Directors and Audit Committee have examined together that in the past 1-2 years, the joint venture company has lost operating results. One of the reasons is high interest expense

interest expense which the interest rate is approximately 9-10 percent per year. Moreover, the management structure is not appropriate; therefore, the joint venture company has high unnecessary human

increase from expense of printing Baht 49.09 million or 94.33% comparing with same period of last year. The increase came from WPP in amount of Baht 43.37 million and Baht 11.59 million increase from

increased from 4.16% during the same period of last year. The increase in SG&A was mainly related to the consolidated expense of supporting the Company itself and its overseas subsidiaries’ operation as well

Baht 1.60 million. This was mainly caused by the lower revenues derived from fee and service income, interest on margin loans and return on financial instruments. However, KT ZMICO’s operating expense

million), or 4.18% of the total sales revenue which decreased from 4.22 % during the same period of last year. The SG&A was mainly in related to the consolidated expense of supporting the Company itself and

% 0.18 0.25% 0.24 128.77% Administrative expenses 25.37 35.37% 24.10 32.80% 1.27 5.26% Other expense 1.61 2.24% - - 1.61 Total expenses 47.98 66.88% 44.79 60.96% 3.18 7.11% Profit before finance cost and

) (16%) Administrative expenses 277 15% 173 13% 104 60% Finance cost 33 2% 23 2% 10 43% Income tax expenses 19 1% 24 2% (5) (21%) Selling expenses In 3Q17, the Group has the selling expense of Baht 21

of 265 million Baht, decreased by 42% or by 191 million Baht due to the absence of specific business tax and residence transfer expense. In 3Q 2019, the Company had a total finance costs of 219 million

selling expense to increase, 1Q2020 net profit reported at THB 335M or still increased by 14% YoY because of other income representing THB 423m recognized as a gain from selling share of SHR’s subsidiary