profit margin was mostly from cost management lowering the price of raw material , the main part in cost of sales. In addition, menus of the month launched in January and February this year yielded higher

5.03 Rental and Services Revenue 106,052 76,312 29,740 38.97 Gross Profit 56,739 41,954 14,785 35.24 Gross profit margin (%) 53.50 54.98 (1.48) (2.68) Golf Services & Property Management Revenue 37,795

277.8 (138.9) (33.3%) Gross Profit 281.9 166.0 (115.9) (41.1%) Gross Profit Margin 67.7% 59.8% GPM before adjustment with PPA 68.8% 60.6% Rental and service income from warehouses, distribution centers

No: AH 02022024 February 29th, 2024 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2023 ended as of December 31, 2023 To: The President The Stock Exchange

จดหมายชี้แจงq260e August 15, 2017 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 June 2017 Summary on Second Quarter

จดหมายชี้แจงq360e November 14, 2017 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 September 2017 Summary on third Quarter

จดหมายชี้แจงQ162e May 15, 2019 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for the three- month period ended 31 March 2019 Summary of the 1 st

จดหมายชี้แจงq262e August 14, 2019 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 June 2019 Summary on Second Quarter

4.50 million for the first quarter 2018, increase by THB 0.06 million when compared to the first quarter 2017. by increase Non-performing debt management amount of THB 0.20 million and by decrease

จดหมายชี้แจงq261e August 14, 2018 The Managing Director The Stock Exchange of Thailand Subject : Management Discussion and Analysis for three month Ending 30 June 2018 Summary on Second Quarter