from 86.3% to 90.6% in the first quarter of 2023 and political stability after the election, which might delay the government’s budget approval for 2024. For the 1Q/2023, the Company has total new sales

in the pickup truck segment due to their rising credit costs. The delay in approval of the 2024 fiscal budget by several months also contributed to the slowdown in government spending, investment, and

both current and capital expenditures partly due to the pending of FY2020 budget. Exports for the year 2019 contracted at 2.7 compared to last year, in line with the continuing decline in global demand

organic growth by emphasizing on the upstream expansion of chicken farm areas with the investment budget of THB 1,000 – 1,200 million per year. GFPT has a plan to construct our third slaughter house at

as to support more efficient investment in 4G. Investment in the new 2600MHz is commencing this year to support both 4G and 5G with approx. budget of Bt35-40bn targeting dense areas where 4G demand is

under a 25-year PPA. These projects were able to achieve COD as scheduled in PPA while the construction cost was also in line with the budget approved by shareholders. 2019 will be the first full year

scheduled in PPA, and construction cost is in line with the budget approved by lenders. This achievement would enable us to keep record of managing the project to commence COD in time and in budget for 27

marketing operational plan. Especially, there was a lack of budget allocation and prioritizing, which adversely affect the determination of budget allocation for each marketing tools. Moreover, the current

scheduled in PPA while the construction cost was also in line with the budget approved by shareholders. This achievement would enable us to keep record of managing the project to commence COD in time and in

Company considered that such effect may result from the lack of strategic planning and marketing operational plan. Especially, there was a lack of budget allocation and prioritizing, which adversely affect