situation. As a result, income from both domestic consumption and foreign tourists increased. • Gross Profit margin in Q1/2023 was 63.6%, increased from 60.6% in Q1/2022, mainly due to increase in the

fund management; (6) private fund management; (7) other businesses relating to securities as specified by the Minister upon the recommendation of the SEC. 2

to the SEC Office within seven days after the date on which the approved Thai government agencies becomes aware or should have been aware of such situation. Clause 30 The approved Thai government

aware of such situation. Clause 30 An approved foreign entity for offer for sale of bonds shall submit the following reports to the SEC Office in accordance with the procedures specifed in Clause 7: (1

(Decreased) % Operating profit 993.74 954.83 (38.91) (3.92%) Depreciation 188.28 191.02 2.74 1.45% Amortization 130.47 137.67 7.20 5.52% EBITDA 1,312.49 1,283.52 (28.98) (2.21%) 2. Economic Situation Overall

2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile

traveling trips and revenue will return to normal after this situation is resolved and government relief more measures. 2. The postponement of the 2020 Annual General Meeting and interim dividend payment

COVID-19 pandemic Due to the outbreak situation of the COVID-19 virus as well as the government’s recent decision to activate the state of emergency by travel restrictions and the closure of venues

planting season has shifted to this quarter and the raining season has started so the water situation was getting better even though a severe drought is still causing extensive damage in some areas. Moreover