fourth quarters of 2022 was attributed to a decrease in demand for IT products, particularly computers and computer peripherals. This decrease was primarily a result of declined consumer demand due to the

million YoY (-6.04%). The Company is considered performing better than market as its revenue declined by 6.04%, while the global IT market declined by 14%, as reported by Gartner re: worldwide PC shipments

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has

progress and 48.48 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting policy for setting provision for deteriorated inventory based on

the measure on managing deteriorated dead inventories. In case of slow-moving inventories, the Company would release such inventories according to the buy-back agreement with - 8 - INTEGRITY QUALITY

provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate capital

percent are work in progress and 46.14 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting policy for setting provision for deteriorated

setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate

and has employed accounting policy for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. - 9 - (4) Liquidity and Capital