. 2 MB, representing an increase of 23. 8% because at the end of the year 2022, the revenue was recognized base on the completion of project, which has been operated according to progress but has not
-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
customer order and low base in Q2 2022 due to the lockdown in Shanghai during April last year. However, Portugal operations decreased by 8.8% due to shortages of some parts of automaker. 2) Car Dealerships
to grow at 7.71% between 2023 and 2025. In 9M/2023, the Company's customer base by nationality was 21.77% Asian, 2.82% Arab, and 0.77% European. This is due to the return of Asian tourists, especially
through Modern Trade channels in full force. The aim is to expand distribution channels to cover a wider range of areas, expand to new customer base, and increase the Company's growth opportunities. In
Company continues to seek overseas growth opportunities to diversify its revenue base away from domestic reliance and drive long-term growth. In Q3/2024, the Company plans to open its first branch in the
in July 2023 (no revenue from Automotive Parts Business in Malaysia in Q2 2023). On the other hand, China sale slightly decreased by 4.5% due to high base last year. 2) Car Dealerships Business
brand, positioning Mikka as a market leader and fostering long-term customer loyalty. The rebranding will also involve expanding the menu to offer greater variety, catering to a broader customer base
at branch locations and produced a commercial for high-end speakers to expand the customer base. Page 6 of 10 Management Discussion & Analysis Q3/2024 Financial costs Financial costs amounted to THB 9
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