recognition from commercial building which had higher gross profit margin. Selling & Administration expenses The Company and its subsidiaries had SG&A for the first quarter ended March 31, 2019 amounting to

23.89 million Baht and in this quarter ,Selling and Administration Expenses increase 8.74 million Baht or 16% due to the increase of the Income. From the above reason, the operation in 1st. quarter of

(ฟิลิปปินส์) จ ากดั ("AEON Systems") ภายในเดือนสิงหาคม 2562 (ภายหลงัจากได้รับอนมุตัจิากท่ี ประชมุคณะกรรมการบริษัทฯ) 1.2 Business Administration Agreement บริษัทท่ีเก่ียวโยงกนั วนัท่ีท ารายการ บริษัท อิออน ไฟแนน

& Administration

(130%) effect from high of work volume. Selling and administration expenses amount 36 million Baht increased by 5 million Baht from same period last year. Loss from exchange rate amount 4 million Baht

salary and incentive. 4. Administration expenses increased 398,927 baht compared to the same period of the last year mainly from expenses related to IPO of the Company’s new shares. 5. Corporate tax

year. 6. The comparison of the Company’s administration expenses of the first quarter of 2018 and 2017 are as follows: Increase / Decrease 1 st quarter of 2018 % 1 st quarter of 2017 % MB. % Sales income

work amount 120 million Baht decreased by 87 million Baht (42%). Selling expenses amount 9 million Baht increased by 2 million Baht from export work. Administration expenses amount 22 million Baht

year due to lower sale volume and lower sale commission. Administration expense of six-months and 2nd quarter on year 2018 increased 17.73 and 60.76 percent respectively from the same period of last year

, the company had a higher loss as compared to the same period last year. Sincerely Yours, (Mr. Kuan Chiet) Vice President – Finance & Administration