. As at 31 March 2018, the Group has 130,404 top-up kiosks across Thailand. Gross Profit and Gross Profit Margin EMS business In Q1’ 2018, the Group has gross profit of Baht 98 million, which is

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

with short position) are required to make an initial margin deposit with their futures agent to secure their performance under futures contracts. Since the amount of initial margin is small compared to

1 / 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 31 March 2020

1 / 6 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the three-month period ended 30 September 2019

30 September 2017, the Group has 119,166 top-up kiosks across Thailand. Gross Profit and Gross Profit Margin EMS business In 3Q17, the Group has gross profit of Baht 103 million, which is increased by

% compared to the top-up value of Baht 5,332 million for 2Q16. As at 30 June 2017, the Group has 100,563 top-up kiosks across Thailand. Gross Profit and Gross Profit Margin EMS business In 2Q17, the Group has

million, which decreased by 16. 5 percent comparing to last year mainly due to the sale decreased of domestic restaurant and bakery business and overseas restaurant business under the economic condition

Total Shareholders ' Equity -42.22 -26.39 -15.83 59.98 Basic Loss Per Share (Baht) -0.02 -0.09 Gross Margin 3.80% -11.00% Net Profit Margin -52.16% -42.47% Debt to Equity Ratio (Time) -9.36 -16.47 Total

that of previous period amounting to Baht 867 million. There was no significant change compared to the same period of the previous year. Gross Profit and Gross Profit Margin EMS business The Company had