expenses and administrative expenses with details as follows: Unit: million baht January-March 2020 % 2019 % Variance Amount % 1. Cost of sales and services 4,987.6 74.6 5,888.9 85.1 (901.3) (15.3

which are classified under administrative expenses. • In 4Q19, the Company sold shares of CPN Village Company Limited, a subsidiary, to Mitsubishi Estate Asia Pte. Ltd. (“MEA”) with 30% ownership stakes

420.7 476.3 (55.6) (11.7) Share of Profit from Investments in Associates 802.5 815.9 (13.4) (1.6) Expenses Expenses consist of costs of sales and services, selling expenses and administrative expenses

sales as described earlier. Total admin. expenses stood at THB 1,421 mn, a 18.1% increase YoY. Administrative Expenses Total administrative expenses constituted expenses on personnel, marketing

and ESCENT Khonkaen condominium projects. Total admin. expenses stood at THB 1,598 mn, a 37.8% increase YoY. Administrative Expenses Total administrative expenses constituted expenses on personnel

competitiveness enhancement in both short and long term. Selling and administrative expenses Selling and administrative expenses (including research and development – R&D) in 2018 went up 5.8% from 2017 and keep

Selling expenses 24.61 25.69 (1.08) (4.22) Administrative expenses 51.85 56.12 (4.27) (7.61) Financial Cost 0.49 0.49 0 0 Cost of sales and services increased by 22.34 million Baht or 3.19%, mainly came

THB mm % Selling expense 317.2 231.1 (86.1) (27.1%) Administrative expense 1,385.2 1,376.6 (8.6) (0.6%) Finance costs 1,616.5 1,179.3 (437.2) (27.0%) Total expenses 3,318.9 2,787.1 (531.8) (16.0

this lower gross margin in 2019. However, The company believes that this investment would be a key factor for competitiveness enhancement in the long run. Selling and administrative expenses Selling and

treatment systems 34.69 81.63 (57.50) Selling expenses 58.75 43.36 35.49 Administrative expenses - WIIK 55.63 53.03 4.90 - WW 41.87 20.35 105.75 Finance cost 42.25 34.20 23.54 Profit before income tax income