order to encourage new customers and retain our existing customer base. The Company is still working on plan and can achieve goals Operating results in 2018, the company had a total of 130,053 Boonterm

THB 194mn from to the exercise of assets optimisation. Total equity was THB 3,784mn decreased by THB 520mn or 12.1%. This was mainly attributed to a decrease in 1) retained earnings of THB 340mn and 2

No: AH 02022023 February 28th, 2023 Subject: Management Discussion & Analysis (MD&A) for the financial statements of fiscal year 2022 ended as of December 31, 2022 To: The President The Stock Exchange

trade accounts payable as of Q1/2018 was Baht 250 million, an increase of Baht 70 million from Baht 179 million of ending 2017 or 39.11% increased. As a result, the Debts to Equity Ratio as of Q1/2018 was

February 5, 2018 2. The detail of sold asset Business Type : Services& Rents of Hotel and Condominium Zenith Management Co., Ltd Registered capital on November 4, 2016 with 13,000,000 ordinary shares with a

. As a result, the construction segment services income of the Group are varieties into each service segment. Due to customer’s requirement which are not focusing on any particular service group. 2

2019, mainly due to a decrease of Other Components of Equity of Baht 1,532.6 million from unrealized loss from financial instrument of Associates and Joint Ventures according to TFRS 9 accounting

cost decrease rate was lower than 7% revenue decrease rate. Therefore, the gross margin decreased from 30.4% to 29.6% of revenue. A decrease of gross margin was due to higher depreciation from more

. As of December 31, 2017, Net Interest-bearing Debt to Equity improved from 0.45 to 0.31 times as a result of lower debts and higher equity. Shareholders' Equity As of December 31, 2017, shareholders

company’s compliance with the terms and conditions regarding the maintenance of the debt-to-equity ratio at the end of the quarter or at the end of the fiscal year without being deemed a cause of default