excluded, administrative expenses to sales would decrease from 11.2% to 10.5%. Q4/2019 Finance Costs The Company and its subsidiaries recorded finance costs of Baht 14 million, a decrease of 17% YoY because

Company Limited 86.3 74.2 12.1 16.3 Samui Property Fund 133.1 123.6 9.5 7.7 Share of Profit from Investments in Associates 219.4 197.7 21.7 11.0 Expenses Expenses consist of costs of sales and services and

16.3 Samui Property Fund 133.1 123.6 9.5 7.7 Share of Profit from Investments in Associates 219.4 197.7 21.7 11.0 Expenses Expenses consist of costs of sales and services and administrative services with

expenses -330,341 -212,080 -118,261 55.76% -77,046 -51,037 -26,009 50.96% Administrative expenses -62,841 -74,579 11,738 -15.74% -16,567 -12,133 -4,434 36.54% Finance Costs -25,793 -5,247 -20,546 391.58

volume and higher sale volume in CNF incoterm. . Cost of goods sold and expenses (Thousands Baht) Year Change 4th Quarter Change Amount % Amount % Cost of goods sold (1,060,184) (935,107) (125,077

2nd quarter on 2018 decreased 23.34 percent due to loss from exchange rate. . Cost of goods sold and expenses (Thousands Baht) Six-month Change 2nd Quarter Change 2561 2560 Amount % 2561 2560 Amount

-59,370 136 -0.23% Administrative expenses -62,446 -53,366 -9,080 17.01% -21,476 -18,565 -2,911 15.68% Finance Costs -508 -22,457 21,949 -97.74% -336 -6,927 6,591 -95.15% Total -1,027,117 -971,012 -56,105

57.26 Fees and service expenses 128.91 37.21 128.89 37.23 Finance costs 14.82 (0.07) 14.82 (0.07) Expected credit losses (reversal) 10.02 10.07 10.02 10.07 Other expenses 219.07 14.19 238.49 12.27 Total

31.84 Finance costs 7.46 0.38 7.46 0.38 Expected credit losses (reversal) 8.19 8.19 8.19 8.19 Other expenses 115.56 11.50 126.35 11.66 Total expenses 415.63 73.80 409.91 66.88 Profit (loss) before income

70.82%, 77.04% and 75.18% for 2021, 2022 and 2023, respectively. The reason is that in 2023, the company has increase in product exports, resulting in costs and expenses for transporting goods to increase