benefit expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new

employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project development and expenses related to the bidding of the projects for

derived from employee benefit expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing

expenses, which increased according to the increasing in number of employees to support the business expansion, pre-operation expenses as the result from the Group continuing expansion and new project

1,327.9 million (5.7%) for 9M 2023. 3) Financial Position Analysis (Unit : Million Baht) September December Change 2024 2023 Amount % Change Total Assets 22,650.7 25,293.3 -2,642.6 -10.4% Total Liabilities

support staff, etc., against the tentatively declining revenues from the manufacturing business to the extent that the Company’s manufacturing business would be at a loss. Therefore, it was deemed

regulation in relating to the establishment of a foreign corporation. In additional, the Company shall still held the position of managing director in order to maintain the managing duty at the post

controlling person position (e) the related person or a close relative of the person under (a) to (d) of the Company. Thus, the offering of newly issued ordinary shares of the Company to VAVA is not regarded as

months. Additionally, the BOT has also allocated Baht 500 billion for soft loans to commercial banks at a low interest rate of 0.01 percent annually for two years to support liquidity for SMEs which

comprised of cash and short-term investment amounted to THB 4,035 million, with total liabilities of THB 2,959 million and total equities of THB 9,708 million. In this regard, the company’s financial position