FOR THE YEAR 2019 Proportion of revenues and cost EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2019 2 1. ANALYSIS OF

product launches, increase of EV related products and Kaizen activities implemented to reduce the fixed cost of the company during the COVID period. For this year, with continued growing orders on hand

launches, new product launches, increase of EV related products and Kaizen activities implemented to reduce the fixed cost of the company during the COVID period, our revenue increased 35.2%; higher than our

out its stock that was kept from 1Q2018 as the government had asked for a collaboration to absorb the surplus of CPO. However, this quarter, the company has improved feedstock cost management, resulting

income in the future and the better financial status as the Company does not create an additional liability from loan and can reduce the financial cost. Also, the Company foresee the growth of Biodiesel

sales of the Group Company consists of costs of services and rental from services and development of renewable energy projects businesses, and cost of sales from electricity generation and distribution

subsidies from the Department of Employment. Cost of Sales and Services For 1st quarter of 2022, the Company and subsidiaries’ cost of sales and services was Baht 2,208.18 million, increased by Baht 889.18

but a decrease from Bt150.40mn in 2Q18, due to the kiosks depreciation cost and commission; meanwhile, the Company controls service and administrative expenses are efficiency. 4 Forth Smart Service

Company Limited - 3 - - Cost of services and rental Cost of services and rental mainly consists of (1) cost of security and cleaning services within site location such as the cleaning of solar panels

closed down 10 branches to save operation cost. As a result, the Company has 111 branches, opened AEON Lounge total 12 locations to facilitate gold card and platinum card members, 469 ATMs, and over 17,400