six months ended of year 2019 to THB 127.2 million for the six months ended of year 2020. This was primarily attributable to the decrease in selling and advertising expenses in relation to the cost

staff travel, consultants, staff training, and marketing and advertising activities, suspending new hires • Optimizing staff by using technology to promote work efficiency and reduce overtime expenses

the previous year by Baht 15 Million or 8.2 percent, mainly from the decrease in advertising and retail revenue in order to help those affected by COVID-19. Cost of Commercial Development business was

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

-36% YoY from 2Q22 which had a high base of marketing expenses following the border re-openings after improved Covid-19 situation. It decreased -21% QoQ from cost control measures in advertising and

future may alter the IFA’s opinion on the transaction accordingly. Information and documents used in preparing this report included but are not limited to the following: ▪ The Resolution of the Company’s

the registration statement and draft prospectus submitted to the SEC Office in accordance with Part 4 of this Notification. 16 Clause 30 In advertising for solicitation to buy shares in a print

services with better differentiation, development of strong sales channels within the country and overseas, establishing fair and competitive selling prices, as well as producing advertising media that are

reservation, advertising and sale promotion and supporting selling system expenses. Administrative Expenses The administrative expenses of the Company for the first quarter of year 2019 and year 2020 were

controls in advertising expenses. • Admin & other expenses were at Bt17,056mn, increasing 11% YoY driven by higher employee-related costs and from the inclusion of expenses related to TTTBB acquisition. The