Gross profit margin from sales (%) 47.61% 41.47% 6.15% Gross profit margin from services (%) 83.79% - 100.00% Selling expenses and administrative expenses to total revenue (%) 45.30% 44.79% 0.51% Net

-8.68% Gross Profit 396 533 -137 -25.72% Gross Profit Margin (%) 9.34% 11.24% -1.90% SG&A Expenses 310 300 10 3.48% EBIT before share of profit (loss) from Investment in Associates and Joint Venture 275

2023. Gross profit margin increased from 11.1% in Q1 2022 to 12.6% in Q1 2023 for the following reasons: 1) Higher order, new model, new product and continued order from overseas customer of auto parts

expenses, along with the expansion of gross profit margin through the selection and improvement of product quality to better meet the needs of customers. In 2017, the Company opened 1 HomePro stores at Lotus

Unless otherwise stated 3 months ended Mar 31 2019 2018 Total sales 286.84 199.43 Cost of Sales 98.53 64.68 Gross Profit 188.31 134.75 Gross Profit Margin (%) 65.65 67.57 For the first Quarter ended 31

represent net profit margin 26.7%. The Company’s the 6-months end of 2018 net profit was 236.0 million Baht, which was higher than the same period last year 19.2%. The Company’s 6-month end net profit margin

margins for each business segment are shown below: Net Profit Margin (to Total Revenue) 2019 2018 Manufacturing and Selling of Special Cutting Tools Segment 5.29% 27.37% Importing and Selling of Cutting

Q1/2020 ended March 31, 2020 of the Company and its subsidiaries, as shown below: (Unit : Thousand Baht) Q1/2020 Q1/2019 Change %Change Revenue 212,967 236,732 (23,765) (10.04%) Gross profit margin

; although tenants’ business operations have now resumed, rental income is still affected by low-traffic from customers. In addition, the gross profit margin was lower than the previous year due to a higher

(days) 10 10 8 Profitability Ratio Gross Profit Margin 11 (%) 12.17 14.99 16.41 Operating Profit Margin 12 (%) 8.00 11.74 12.12 GFPT Public Company Limited Management Discussion and Analysis for the Year