services consists of cost of sales from electricity generation and distribution and costs of services and rental from provision of services and development of renewable energy projects. For the year 2018

some items of selling and administrative expenses as costs of sales and some was required to deduct from gross sales. These caused gross profit declining; however, in turn, selling and administrative

projects increased continuously. For the property management business, the revenue recognition also improved. (2) In this quarter, the Company recorded total costs and expenses of THB 1,222.95 million

, 2018. The Company has also provided more variety of products (ready to eat) and distributed to a large convenience store chain. Costs Cost of Goods and Services Costs of goods and services amounts to

) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility expenses, insurance, and power development fund. In Quarter 3 of 2020, costs of sales amounted

) higher R&D expenses; 12) higher audit fees and consultant fees from new businesses establishment; and 13) higher finance costs due to higher borrowings as a result of previous investments in machinery

net offering of THB 7,351.6 million (after deduction of related fees and expenses). In addition, the Company had repaid loans from the related parties, which was utilized in the acquisition of the

2.13 (0.24) -11% Administrative expenses 60.69 52.29 8.40 16% Earnings before interest and tax 66.02 59.91 Finance costs - Main businesses 9.87 15.30 (5.42) -35% Finance costs - Solar energy 18.05 16.76

STAMP FEE/COMM Median Bid-Ask TRANSACTION COSTS (bp.) DIRECT COST (bp.) INDIRECT COST (bp.) 0 500 1,000 1,500 2,000 No. of co. Seoul 682 684 683 1,619 1,689 Hong Kong 978 1,037 1,096 1,135 1,173 Kuala

30% increase in SG&A, mainly from profession fees relating to the investment in the Outrigger-branded hotel portfolio, as previously mentioned. Page 5 of 5 Financial Costs (Interest Expenses) In 1Q18