% 2.2% 29.9% 27.2% (2.7%) Net profit margin1 (%) 17.7% 8.1% (9.6%) 19.7% 7.1% (12.6%) Number of branches as at Dec 312 38 39 3% 38 39 3% 2019 2020 Change +/(-) Change +/(-) Q4/19 Q4/20 Operating highlight

Share Purchase Transaction with conditions that GLOW has to complete the sale of GLOW SPP1 Company Limited before or at the same time 1 The purchase price is reduced from the offered price by THB 4.5094

Commission, at the price of Baht 96.5 per share. Following the process, GLOW have announced to pay dividend at Baht 1.608 per share resulting in the share price of GLOW after dividend deduction to be at Baht

learning system, i.e., online-based lectures on theories, basic practice at the college, and on-site practicing at the hotel. • Restructuring of education business in the Philippines is currently waiting for

the preparation of a safe house for the occupants of the operations staff who are necessary to remain at site to maintain the security of electricity and public utilities. In addition, production

or a 63% increase in gross profit from Q1/2017. The company’s financial position: As at 30 June 2017, GPSC and its subsidiaries' total assets increased by Baht 350 million or 1% mainly from the

23 April 2018 At: ACC/HO 016/61 Re: Management Discussion and Analysis for the three-month period ended 31 March 2018 To: President The Stock Exchange of Thailand During the first quarter of 2018 the

margin loans in 2018 was Baht 164 million, an increase of 20% from the previous year due mainly to an increase in the size of the Company’s credit balance accounts during the year. As at 31st December 2018

% due to sales orders and cost of goods sold have been decreased and controlled inventories turnover to be less than 45 days. Also, the Crude Palm Oil (“CPO”) price was fluctuated in 2018 (in range of 7

margin loans in 2019 was Baht 137 million, a decrease of 16% from the previous year. The decrease was due mainly to a decrease in the size of the Company’s credit balance accounts during the year. As at