Ref. No. IVL 003/08/2020 13 August 2020 The President The Stock Exchange of Thailand Subject: Submission of Quarterly Review of Financial Statements and the Management Discussion and Analysis of

(in Thailand and Cambodia) under the order of the government. ECC’s operation has resumed in August 2020 onwards. Regarding its investment in The Caterers Joint Stock Company, a leader in the food and

The Difference 8.630 8.802 Land and Houses Securities Public Company Limited Overview of the Stock Exchange of Thailand During the first quarter of 2021, SET index showed solid recovery signs from year

debt to EBITDA of 1x and decent interest coverage ratio of 14x in FY20. Asset turnover: Inventory was well-managed with inventory days declined from 51 days to 44 days due to lower handset stock. Account

low net debt to EBITDA of 0.8x and decent interest coverage ratio of 16x. Asset turnover: Inventory was well-managed with inventory days declined from 44 days to 22 days due to lower handset stock

to attend the REIT unitholders’ meeting and information disclosed through the Stock Exchange of Thailand), specify the difference between actual operating result and the forecasted result; in the case

giving advice concerning the investment or procurement for benefit from mutual fund assets to management company in any types of fund; “Securities exchange” means The Stock Exchange of Thailand

: Inventory was well-managed with inventory days increased from 22 days to 27 days due to increased stock handset after a supply shortage in FY21. Account payable days maintained at 73 days, stable from FY21

effectively managed, although inventory days increased from 28 days to 40 days. This was a result of an elevated handset stock-to-sales ratio due to the government tax campaign in early 2024, which postponed

conformable to maintain leverage ratio, net debt to EBITDA, below 2.5x. Turnover Inventory days increased from 45 days in 2Q24 to 47 days in 3Q24 from higher inventories aligned with higher stock of iPhone