and new customers. We have always been monitoring and analyzing IU volumes closely. Proactive cost saving plans were implemented with potential expense savings of THB 34 million by extending useful life

paid per share of GLOW at the rate of THB 1.608 per share. In addition, under the Amendment to the SPA dated 8 March 2019, GPSC and the Seller have agreed to adjust the purchase price from THB 94.892 per

discount was provided to those being impacted by measures to contain COVID-19. Still, the discount did not significantly drag gross profit margin down due to reduction in advertising and marketing expense

84 0.2% 78 0.1% 5 6.6% Profit (loss) before tax (expense) income 993 2.1% 2,193 4.1% (1,199) -54.7% Tax (expense) income (125) -0.3% (535) -1.0% 410 -76.7% Profit (loss) for the period 869 1.8% 1,658

THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Finance costs 36.1 29.1 32.6 12.0% (9.7%) 105.9 96.2 (9.2%) ChangeChange Finance costs comprise of interest expense from loans for the new investment projects

% 10.2% 12.2% % NNP - Owner of the parent 59.1% 63.1% 61.7% 64.2% Remark: * Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-recurring income / (expense) B.GRIMM POWER PUBLIC

TTTBB, and asset provision expense occurred in 4Q23. SG&A excluding TTTBB impact increased 20% YoY and 33% QoQ. EBITDA increased 4.6% YoY and 1.4% QoQ attributable to TTTBB consolidation. Excluding this

the transaction, Modern Company must adjust its business structure by buying out land and factory buildings as well as adjust all existing assets and liabilities of the company except tools, machinery

Baht 2,202 million in Q4’2018 to Baht 2,413 million in Q1’2019 due to lower scheduled maintenance and lower expense from the seasonally peak of SG&A in Q4. • EBITDA margin in Q1’2019 was 23.5% compared

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