gross profit margin than average. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses at each After You dessert café and Maygori, utility

35.11 81.96% Selling expenses 9.20 4.08 5.12 125.49% Administrative expenses 14.60 15.81 (1.21) (7.65%) Finance cost 1.02 0.88 0.14 15.91% Profit before income tax expenses 111.79 33.39 78.40 234.80

channel such as big retail stores/hypermarkets and dealer shops all over the country and Sharing of gain (loss) from investment value of the associates decreased from the last year since the expenses of

577,164 55,930 9.69 3,039,595 1,762,247 1,277,348 72.48 Total revenues 755,838 702,991 52,847 7.52 3,402,701 2,062,058 1,340,643 65.01 Total expenses 746,891 662,055 84,836 12.81 3,213,297 1,964,416

of 16% from 9-month/2018 which results from the reallocation of certain SG&A expenses (e.g. electricity, rental expenses, etc) in the previous year into the COGS categories resulting in less gross

cost competitive position. 3 Selling, general and administrative (SG&A) expenses Total selling and administrative expenses were THB 765 million, an increase of THB 42 million or 5.9%, representing 17.0

million or 2% from Q1/2020 • However, EBITDA margin in Q1/2021 was 31.5%, increased by 5.1% from Q1/2020 as a result of the effective control of selling and administrative expenses under the implementation

Revenues 10,142 10,259 170 175 10,312 10,434 (122) (1%) Total Expenses (9,798) (9,505) (169) (173) (9,967) (9,678) 289 3% Share of Profit (Loss) 2,003 2,155 9 4 2,012 2,159 (147) (7%) Operating profit (loss

in Q2/2021 and 1H/2021 were THB 33 million and THB 90 million, respectively, increased by 22% from Q2/2020 and 5% from 1H/2020 as the rental discount during 2021 was deducted from selling expenses

was 26.2%, slightly decreased from 26.7% in 9M/2020. The decrease was due to the decrease in revenue from sales at a larger proportion than the decrease in overall expenses. • The Company reported net