% or decreased by 22.96%. Because the Company participated in a pre-bid competition during the period of high crude palm oil price. Therefore, the Company has realized higher profit margin when the price

low gross margins because of the relatively high competition. Cost of equipment for lease of the Q4–2020 greatly increased from Q3–2020 and Q4–2019. This is because some projects of equipment for lease

other persons in a manner which is similar to or which is in competition with the operation of the management company except where the management company can show that its organizational structure does

of healthier growth from stabilized competition coupled with the trend of increased consumption and usage, especially from a recovery in tourism-related activities. The continuous efforts to promote 5G

projects of the government and state enterprises have slowed down and increased more competition in the market. The majority of the Company's revenue recognized in 2023 comes from government and state

TTTBB acquisition and good momentum in organic performance, with expanded economic conditions and a stabilized competition outlook. The key is to deliver convergence across our services leveraging our

to improved sales growth. Page 5 of 10 Management Discussion & Analysis Q3/2024 Revenue from the wholesale business declined in the dealer segment due to competition from major players in each region

to the agreement made with the Company in order for preventing any conflict of interests which may cause, still honor his obligations under such agreement on a continuous basis as well. The substance

granting of approval under this Notification, certain facts lead to the consideration that the objective or substance of such offer for sale of sukuk has the intention to evade provisions under the law

under Paragraph 1 is translated from any language, the offeror shall proceed as follows: (1) certify that the substance of the translated information has truly occurred or is in existence, and that there