descending order by the probability of occurrence of the risks and significance of their effects; (9) information about administration and management of the mutual fund; (10) warnings about the mutual fund; 1

9 Management Discussion & Analysis Q1/2024 Selling and administration expenses In Q1/2024, selling and administration expenses amounted to THB 265.56 million, increased by THB 36.88 million YoY

ratio to sales of 16.5%, an increase from the ratio of 6.7%, mainly due to the increase in sales and overall gross profit margin and the decline in selling and admin expenses as a results of strict

subsidies.  General admin expenses were Bt2,648mn relatively flat YoY while declining 19% QoQ from lower staff cost.  Depreciation and amortization was Bt110mn increasing 15% YoY mainly from shop expansion

postpaid segment and serving customer migration from prepaid to postpaid. As a result, marketing expenses to total revenue decreased to 6.8%, compared to 10.3% in 3Q16 and 7.3% in 2Q17.  General admin

admin expenses as a results of budgeting control scheme for ICUK’s operation coupled and lower international football sponsorship fees, which compensating the higher financial expenses and corporate

benefit expenses, consulting fee, depreciation, public relation expenses and other admin expenses. Administrative expenses decrease 12.1% QoQ from Baht 121.4 million to Baht 106.7 million. The decreasing of

% (9.4%) 305.1 335.0 9.8% Administrative expenses comprised of employee benefit expenses, consulting fee, depreciation, public relation expenses and other admin expenses. Administrative expenses QoQ

other admin expenses. Administrative expenses decrease 3.4% YoY from Baht 106.7 million to Baht 103.1 million, decreased by Baht 3.6 million. And decrease 10.2% 6M YoY from Baht 228.1 million to Baht

: Administrative expenses comprised of employee benefit expenses, consulting fee, depreciation, public relation expenses and other admin expenses. Administrative expenses decrease 3.9% YoY from Baht 106.9 million to