) (7,397) (2,807) 37.9 Profit for the period 32,891 16,889 16,002 94.7 42,286 29,536 12,750 43.2 Gross profit margin 25.0% 22.6% 2.4% 25.0% 22.6% 2.4% Selling & Distribution Expenses per net sales 6.1% 6.0

V2 14/05/62 0 V2 14/05/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2019 The Thai economy in the first quarter of 2019

Industry In the first quarter of 2021, Thai economy continued to contract when compared to the same period last year, due to the new wave of the COVID-19 outbreak and containment measures strictly

contractual remuneration of USD 200,000 per year, approximately THB 6,284,740 per year, representing 0.22% of the net tangible asset (Net Tangible Asset : NTA) as of December 31th, 2018. Besides, the total

contractual remuneration of USD 150,000 per year, approximately THB 5,024,805 per year, representing 0.19% of the net tangible asset (Net Tangible Asset : NTA) as of June 30th, 2018. Besides, the total value of

13.5% Net profit (loss) attributable to equity holders 402 411 -8 -2.0% Net profit (loss) attributable to equity holders Margin (%) 5.9% 7.2% -1.3% Net profit (loss) attributable to equity holders

from Sales and Service 749.13 585.27 163.86 28.00% Total Revenue 757.67 588.79 168.88 28.68% Net Profit for the Period 150.18 95.19 54.98 57.76% Net Profit for Shareholders of the Company 121.50 80.32

% 63.0 8.7% 9.4 17.5% Net Profit 6.4 0.9% -17.4 -2.4% -23.8 -371.9% Retail Industry Overview and Overall of the Company‘s Performance During the past 2-3 years, the growth rate of retail sector industry in

in associate 2.14 1.44 0.70 48.6% Income tax expenses -49.39 -67.95 18.56 -27.3% Net profit 200.70 270.07 -69.37 -25.7% Minority interest in subsidiary -57.11 -61.89 4.78 -7.7% Net profit of the

Analysis Quarter 1 Ending 31 March 2020 1. Highlights The Consolidated reported net loss for Q1 2020 was Baht 1,287 million, an increase by Baht 484 million YoY and total sale revenue of Baht 4,820 million