-recurrence start-up costs of setting up new branch offices in Vietnam and representative offices in Malaysia and Indonesia, including company annual salaries adjustment and lastly a higher CIT Baht 6.8 million

85.4 million mainly from variable expenses that rose along with revenues, annual salaries adjustment, and non-recurring items i.e. the pre-opening expenses of L&E Vietnam together with all registration

million baht, due to the increase of claim and loss adjustment expenses net of reinsurance in the amount of 85.12 million baht because there are several major claim incurred in this year. At the same time

up Baht 10.8 million Y-O-Y mainly from annual salaries adjustment; 3. and lower CIT of Baht 11.6 million and non-controlling interests Baht 0.2 million Yours sincerely, Mr. Anant Kittivittayakul

decreased from the last year Baht 2.02 million or 16.54%. 6. The company had the Gain from a fair value adjustment of investment properties Baht 0.46 million decreased from the last year by Baht 3.54 million

value adjustment on the interest-free loan for Malaysian subsidiaries amounting to THB 13.61 million during the 3-months period ended 31 July 2016.

increased from the last year Baht 2.10 million or 20.77%. 6. The company had the Gain from a fair value adjustment of investment properties Baht 4 million increased from the last year by Baht 5.00 million

or Baht 9.0 million because of annual salaries adjustment and a factory testing run cost incurred out of our subsidiary L&E Vietnam; -and a lower CIT Baht 1.5 million Y-O-Y mainly from decrease of the

revenues dashed by 3%. Total Expenses: In 2Q19, the expenses were significantly increase by 15% due to an adjustment of employee benefit expenses in accordance to the labour protection act (No.7) B.E. 2019

to 85%, was caused from accounting adjustment by reversing impairment expenses from the closure of some branches. 4. The Company’s financial cost in the 2nd quarter of 2019 was Baht 2.85 million