Microsoft Word - MDA 2017 EN SET Final.docx Page 1 of 5    L-WAVE ENT 28/2018 28 February 2018 Subject: Report on reasons of change to profit (loss) and analysis on operating results by the

Limited (“the Company”) and its Subsidiary (“the Group”) would like to clarify the change in operating result for the second quarter ended 30 June 2019, which changed in revenue and net profit compared with

by 23% compared to the same period at the previous year. It mainly due to the change in business model of beauty services company. Selling and Administrative expense as % to sales in Q3/2018 was 30.1

) -0.3% -47.6% -10.4% Interest expenses (7.13) -0.9% (4.47) -0.7% (5.64) -0.8% 26.2% -20.9% Profit before income tax expenses 162.32 20.8% 113.00 17.0% 137.17 18.7% 21.4% -15.5% Income tax expense (18.59

, professional fees in relation to M&A activity, sales & marketing expenses for the launch of new residential projects, write-off/impairment of asset, one-time income/expense, etc. Page 3 of 7 Management

or 12% y-y. Details of expenses are shown as follows: - Operating and Administrative Expenses and other expenses For the first quarter of 2022, the consolidated operating and administrative expense and

/2023 financial results, the consolidated operating and administrative expense which including director and management remuneration expense were 2,029 million baht, stable from the same quarter last year

, or 2.08 percent in impairment loss on loans and debt securities. Operating profit before provision expense and income tax expense increased Baht 348 million, or 1.49 percent, over-quarter, due largely

), construction expense is 170.35 Million Baht and the medical instruments is 36.65 Million Baht. For the financial liquidity management purpose, the company has successfully negotiated the purchase of asset

for 2018 is decreased from 28% to 24%. It is due to higher depreciation expense of top-up kiosks. Expenses and expenses to revenues from main business 2018 2017 Increase (decrease) Million Baht