by salary, welfare and an allowance decline inventory value, while the Company's cost of distribution decreased from promotional expenses. In the first quarter of 2018, the company did not have

จำกัด(4) EXW โดย EXW GLOBAL AG หรือ VIVAEXCHANGE OÜ (5) AEC point, AECrichs, AEC saving, Bit Wazario (BWO) และ Bit Wazario Cash (BWC) โดย บริษัท วาซาริโอ้ เออีซีแอสเสท จำกัด(6) Free Promotional Token (FPT

activities of digital asset business operators, emphasizing compliance with regulations for offering services related to digital assets and sale promotional activities. Business operators must not engage in or

Operations – Driving organic growth by improving space utilization The Company focused on marketing communication activities and promotional campaigns, as well as and effectively utilized spaces in shopping

Football Club Limited and English Football League, careful allocation of marketing and promotional budgets to spur growth through priority channels, strong push of product sampling experiences among the

trades, which is supported by our distinguishing position of official sponsor to Chelsea Football Club Limited and English Football League, careful allocation of marketing and promotional budgets to spur

to reap out benefit from being more focus (after SKU rationalization), having margin accretive new products launches and a cautious and active evaluation of advertising and promotional spending. In

product and service followed by client’s standard Management’s discussion and analysis for the Quarter 3’ 2019 2 / 8 that appropriate with their business. The Company also organized the marketing activities

18.6 20.1% Total cost of sales and services 1,893.7 1,493.0 -400.7 -21.2% 3,858.5 3,208.2 -650.3 -16.9% Gross profit 762.6 833.1 70.5 9.2% 1,540.7 1,782.3 241.6 15.7% Promotional income 80.6 36.0 -44.5

decreased by Baht 0.82 million or 4.56% as compared to the same period in 2019 due to a decrease in promotional activities. However, selling expenses in 2Q20 increased by Baht 1.37 million or 8.67% as