disturbed by sharp decline in Chinese tourists, turned off by series of unfortunate events. The Chinese tourists are one of a key customer of the company. Consequently, domestic sales experienced a 1 6.69

baht, increasing 10.41 million baht, or 33.06% from the same period in 2019. Since HM partly manufactures its products to support the Company, when the Company’s production dropped in the first half of

achieve the target especially in second half of the year due to the decline of Chinese tourists and economic slowdown in several countries especially in Europe which negatively affect spending power of

re-zoning IT Junction rental space, rental rate discount and revenues for sale promotion support decline. The Company’s has changed its strategy to push more promotion and activity in the rental area

Baht 8.70 million which decreased from previous year, mainly due to sales was not achieve the target . The company focuses on the sustainable growth, thus, set up a strategy to support the business

million or -40.62% YoY. The main reason for the decline in user spending was the inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the

million, decreased by THB 17.86 million or -6.50% YoY. This was due to the decline in average user spending on digital content services. The main reason for the decline in user spending was the economic

decline in revenue from dessert café, which was attributed to the lower traffics in shopping malls and weaker consumption sentiment following COVID-19 concerns together with the closure of shopping malls

million or -37.88% YoY. This was due to the decline in average user spending on digital content services. Even though the average number of digital content users per month in 2022 was 6.07 million, up from

decreased as a result of the decline in retail and wholesale sales. Management Discussion & Analysis Q3/2023 2 I 10 Nevertheless, some channels had an increase in sale revenue which include (1) Commercial